Home Values

Shoreham 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

$386,800

  • 6.8% 1-year change
  • 2.1% 1-year forecast

The median home value in Shoreham is $386,800. Shoreham home values have gone up 6.8% over the past year and Zillow predicts they will rise 2.1% within the next year. The median price of homes currently listed in Shoreham is $445,000 while the median price of homes that sold is $455,000. The median rent price in Shoreham is $1,000, which is lower than the New York Metro median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In Shoreham 3.9 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower than the national value of 4.5

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 Shoreham is 18.0%, 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 Shoreham homeowners underwater on their mortgage is 10.4%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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Shoreham Market Overview

Data through Oct 31, 2014
  • $386,800 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
    (Oct 31, 2015)
  • $445,000 Median listing price
  • No recent data Median sale price
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Shoreham Market Health

Data through Oct 31, 2014
  • 4.0/10 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
  • 10.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 18.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.9 homes Shoreham
1.5 homes New York Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Wading River $411,400
Mount Sinai $383,800
Miller Place $380,700
Name Median ZHVI
Manorville $334,900
Rocky Point $249,000
Yaphank $233,100
Name Median ZHVI
Sound Beach $230,300
Middle Island $224,900
Ridge $214,500

Listings & Sales

Data through Oct 31, 2014
  • $191 Median list price / sq ft (Sep 30, 2014)
  • No recent data Median sale price / sq ft
  • 50.8% Listings with price cut
5.1%
Sold below listing
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Shoreham Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,433 Shoreham
    $2,343 New York Metro
    $1,337 United States

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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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