Home Values

Raritan Township 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

$382,600

  • 3.1% 1-year change
  • 1.0% 1-year forecast

The median home value in Raritan Township is $382,600. Raritan Township home values have gone up 3.1% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Raritan Township is None. The median rent price in Raritan Township is $1,700, which is lower than the New York Metro median of $2,495.

Foreclosures will be a factor impacting home values in the next several years. In Raritan Township 0.9 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.2 and also lower than the national value of 3.0

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 Raritan Township is 7.4%, 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 Raritan Township homeowners underwater on their mortgage is 10.5%, which is lower than New York Metro at 13.1%.

Read more
Relative ZHVI
- +

Raritan Township Market Overview

Data through Mar 31, 2015
  • $382,600 ZHVI
  • 1.0% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $303,465 Median sale price (Feb 28, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Raritan Township Market Health

Data through Mar 31, 2015
  • 5.6/10 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
  • 10.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Jun 30, 2014) Raritan Township
1.2 homes New York Metro
3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Readington $420,000
Delaware Township $404,400
Franklin Township $398,200
Name Median ZHVI
Clinton Township $398,200
East Amwell Township $385,800
West Amwell $351,500
Name Median ZHVI
Kingwood Township $332,200
Whitehouse Station $303,000
Flemington $261,300

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $171 Median sale price / sq ft
  • No data Listings with price cut
30.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Raritan Township Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $2,317 Raritan Township
    $2,355 New York Metro
    $1,362 United States

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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,700 Rent list price
  • $1.40 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading