Home Values

Somers Town 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

$582,900

  • 2.4% 1-year change
  • 1.5% 1-year forecast

The median home value in Somers Town is $582,900. Somers Town home values have gone up 2.4% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Somers Town is $254, which is higher than the New York Metro average of $251. The median price of homes currently listed in Somers Town is $663,000 while the median price of homes that sold is $626,075. The median rent price in Somers Town is $2,400, which is higher than the New York Metro median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In Somers Town 2.4 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 Somers Town is 12.7%, 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 Somers Town homeowners underwater on their mortgage is 7.4%, which is lower than New York Metro at 14.7%.

Read more
Relative ZHVI
- +

Somers Town Market Overview

Data through Oct 31, 2014
  • $582,900 ZHVI
  • 1.5% 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)
  • $663,000 Median listing price
  • $626,075 Median sale price (Aug 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Somers Town Market Health

Data through Oct 31, 2014
  • 2.4/10 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
  • 7.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes(Jun 30, 2014) Somers Town
1.5 homes New York Metro
4.5 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Town of Bedford $771,300
Goldens Bridge $566,900
Lincolndale $421,600
Name Median ZHVI
Yorktown Heights $363,900
Heritage Hills $352,200
Jefferson Valley-Yorktown $336,100
Name Median ZHVI
Mahopac $310,400
Carmel $309,600
Shenorock $287,600

Listings & Sales

Data through Oct 31, 2014
  • $254 Median list price / sq ft
  • $267 Median sale price / sq ft (Aug 31, 2014)
  • 50.5% Listings with price cut
27.5%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Somers Town Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $3,654 Somers Town
    $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)
  • $2,400 Rent list price (Aug 31, 2014)
  • $1.33 Rent list price / sq ft (Aug 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading