Home Values

15229 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

$139,000

  • 13.6% 1-year change
  • 4.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 15229 is $139,000. 15229 home values have gone up 13.6% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in 15229 is $107, which is lower than the Ross Township average of $113. The median price of homes currently listed in 15229 is $137,500 while the median price of homes that sold is $134,750. The median rent price in 15229 is $850.

Foreclosures will be a factor impacting home values in the next several years. In 15229 2.2 homes are foreclosed (per 10,000). This is greater than the Ross Township value of 0.9 and also lower than the national value of 4.3

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 15229 is 7.6%, which is higher than the national value of 6.9%. 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 15229 homeowners underwater on their mortgage is 6.1%, which is higher than Ross Township at 5.0%.

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Relative ZHVI
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15229 Market Overview

Data through Aug 31, 2014
  • $139,000 ZHVI
  • 4.4% 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
    (Aug 31, 2015)
  • $137,500 Median listing price
  • $134,750 Median sale price
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15229 Market Health

Data through Aug 31, 2014
  • 9.6/10 Very 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
  • 6.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes(Jan 31, 2013) 15229
0.9 homes Ross Township
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI
15222 $271,300
15237 $201,200
15209 $138,000
Name Median ZHVI
15202 $124,000
15233 $115,200
15223 $106,500
Name Median ZHVI
15214 $95,400
15212 $75,500
15204 $68,200

Listings & Sales

Data through Aug 31, 2014
  • $107 Median list price / sq ft
  • $105 Median sale price / sq ft
  • 53.1% Listings with price cut
4.5%
Sold below listing
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15229 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,210 15229
    $1,409 Ross Township
    $1,328 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)
  • $850 Rent list price
  • No data Rent list price / sq ft
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