Home Values

Revere 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

$286,800

  • 7.0% 1-year change
  • 1.6% 1-year forecast

The median home value in Revere is $286,800. Revere home values have gone up 7.0% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Revere is $209, which is lower than the Boston Metro average of $221. The median price of homes currently listed in Revere is $299,000 while the median price of homes that sold is $264,200. The median rent price in Revere is $1,500, which is lower than the Boston Metro median of $2,200.

Foreclosures will be a factor impacting home values in the next several years. In Revere 1.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Revere is 10.9%, which is higher than the national value of 6.4%. 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 Revere homeowners underwater on their mortgage is 13.9%, which is higher than Boston Metro at 9.6%.

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Relative ZHVI
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Revere Market Overview

Data through Dec 31, 2014
  • $286,800 ZHVI
  • 1.6% 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
    (Dec 31, 2015)
  • $299,000 Median listing price
  • No recent data Median sale price
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Revere Market Health

Data through Dec 31, 2014
  • 3.3/10 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.
  • No data Average days on Zillow
  • 13.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes(Nov 30, 2014) Revere
4 homes United States
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Nearby Cities

Name Median ZHVI
Nahant $511,500
Melrose $462,400
Boston $447,900
Name Median ZHVI
Winthrop $373,000
Saugus $335,800
Malden $335,800
Name Median ZHVI
Everett $298,400
Chelsea $252,600
Lynn $242,900

Listings & Sales

Data through Dec 31, 2014
  • $209 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.1% Listings with price cut
26.3%
Sold below listing
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Revere Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,116 Revere
    $2,133 Boston Metro
    $1,345 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.62 Rent list price / sq ft
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