Home Values

Sheepshead Bay 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

$578,800

  • 1.4% 1-year change
  • -0.1% 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 neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Sheepshead Bay is $578,800. Sheepshead Bay home values have gone up 1.4% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Sheepshead Bay is $344, which is lower than the New York average of $627. The median price of homes currently listed in Sheepshead Bay is $289,000 while the median price of homes that sold is $244,000. The median rent price in Sheepshead Bay is $1,700, which is lower than the New York median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Sheepshead Bay 0.7 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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Sheepshead Bay Market Overview

Data through Jan 31, 2015
  • $578,800 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
    (Jan 31, 2016)
  • $289,000 Median listing price
  • $244,000 Median sale price
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Sheepshead Bay Market Health

Data through Jan 31, 2015
  • 1.6/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

0.7 homes Sheepshead Bay
0.4 homes New York
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Mill Basin $967,100
Ocean Parkway $794,900
Gravesend $756,600
Name Median ZHVI
Midwood $737,200
Brighton Beach $633,500
Homecrest $592,900
Name Median ZHVI
Marine Park $488,200
Flatlands $419,800
Gerritsen Beach $362,300

Listings & Sales

Data through Jan 31, 2015
  • $344 Median list price / sq ft
  • $378 Median sale price / sq ft
  • No data Listings with price cut
13.0%
Sold below listing
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Sheepshead Bay Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,088 Sheepshead Bay
    $2,209 New York
    $1,350 United States

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

  • 2.7 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
  • $1.79 Rent list price / sq ft
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