Home Values

Pittsgrove Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$191,600

  • 8.4% 1-year change
  • -0.1% 1-year forecast

The median home value in Pittsgrove is $191,600. Pittsgrove home values have gone up 8.4% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Pittsgrove is None.

Foreclosures will be a factor impacting home values in the next several years. In Pittsgrove 2.6 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 4.1 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pittsgrove is 14.9%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pittsgrove homeowners underwater on their mortgage is 18.9%, which is lower than Philadelphia Metro at 19.1%.

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Relative ZHVI
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Pittsgrove Market Overview

Data through Apr 30, 2015
  • $191,600 ZHVI
  • -0.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Pittsgrove Market Health

Data through Apr 30, 2015
  • 4.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 18.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 14.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.6 homes(Dec 31, 2014) Pittsgrove
4.1 homes Philadelphia Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Olivet $203,200
Upper Pittsgrove Township $194,200
Elk Township $184,300
Name Median ZHVI
Franklin Township $174,400
Newfield $172,400
Elmer $157,600
Name Median ZHVI
Upper Deerfield Township $149,500
Clayton $149,400
Deerfield Township $144,200

Listings & Sales

  • No data
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Pittsgrove Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,606 Pittsgrove
    $1,567 Philadelphia Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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