Home Values

Richmond Hill 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

$404,000

  • 7.0% 1-year change
  • 2.1% 1-year forecast

The median home value in Richmond Hill is $404,000. Richmond Hill home values have gone up 7.0% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Richmond Hill is $316, which is lower than the New York average of $492. The median price of homes currently listed in Richmond Hill is $438,900 while the median price of homes that sold is $360,000. The median rent price in Richmond Hill is $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Richmond Hill 2.0 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 and also lower than the national value of 4.0

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Relative ZHVI
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Richmond Hill Market Overview

Data through Sep 30, 2014
  • $404,000 ZHVI
  • 2.1% 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
    (Sep 30, 2015)
  • $438,900 Median listing price
  • No recent data Median sale price
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Richmond Hill Market Health

Data through Sep 30, 2014
  • 5.1/10 Stable
    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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2 homes(Jun 30, 2014) Richmond Hill
0.4 homes New York
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Forest Hills Gardens $1,740,400
Forest Hills $715,700
Kew Gardens Hills $574,000
Name Median ZHVI
Jamaica Hills $539,200
Kew Gardens $503,700
Briarwood $430,300
Name Median ZHVI
Woodhaven $385,000
Ozone Park $382,000
South Ozone Park $376,500

Listings & Sales

Data through Sep 30, 2014
  • $316 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 24.3% Listings with price cut
18.2%
Sold below listing
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Richmond Hill Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,934 Richmond Hill
    $2,180 New York
    $1,335 United States

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

  • 2.5 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
  • $1.53 Rent list price / sq ft
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