Shoreham Home Prices & Values

$374,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.7% 1-year change
  • 1.4% 1-year forecast

The median home value in Shoreham is $374,900. Shoreham home values have gone up 5.7% over the past year and Zillow predicts they will rise 1.4% within the next year. The median price of homes currently listed in Shoreham is $419,000 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 $2,795.

Foreclosures will be a factor impacting home values in the next several years. In Shoreham 2.9 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.1 and also lower than the national value of 4.8

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 20.3%, which is higher than the national value of 7.2%. 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 15.3%, which is lower than New York Metro at 15.7%.

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Relative ZHVI
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Shoreham Market Overview

Data through May 31, 2014
  • $374,900 ZHVI
  • 1.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $419,000 Median listing price
  • No recent data Median sale price
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Shoreham Market Health

Data through May 31, 2014
  • 6.2/10 Healthy What's This?  
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    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 of days on Zillow
  • 15.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 20.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.9 homes(Apr 30, 2014) Shoreham
1.1 homes New York Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Miller Place $375,400 Mount Sinai $373,700 Wading River $370,100
Manorville $336,100 Rocky Point $240,400 Sound Beach $240,200
Yaphank $228,000 Middle Island $226,000 Ridge $219,000

Listings & Sales

Data through May 31, 2014
  • $197 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.9% Listings with price cut
5.1%
Sold below listing
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Shoreham Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,480 Shoreham
$2,297 New York Metro
$1,310 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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