South Broad Street Home Prices & Values

$217,600 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

  • -3.2% 1-year change
  • -0.5% 1-year forecast

The median home value in South Broad Street is $217,600. South Broad Street home values have declined -3.2% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in South Broad Street is $90, which is higher than the Newark average of $79. The median price of homes currently listed in South Broad Street is $227,900 while the median price of homes that sold is $341,615. The median rent price in South Broad Street is $1,250, which is higher than the Newark median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In South Broad Street 8.7 homes are foreclosed (per 10,000). This is lower than the Newark value of 91.7 and also greater than the national value of 4.3

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Relative ZHVI
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South Broad Street Market Overview

Data through Aug 31, 2014
  • $217,600 ZHVI
  • -0.5% 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

    (Aug 31, 2015)
  • $227,900 Median listing price
  • No recent data Median sale price
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South Broad Street Market Health

Data through Aug 31, 2014
  • 0.3/10 Less 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 days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

8.7 homes(Jun 30, 2014) South Broad Street
91.7 homes Newark
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
South Ironbound $279,600 North Ironbound $254,700 Upper Clinton Hill $194,100
Fairmuont $174,300 Weequahic $173,300 Seventh Avenue $169,200
West Side $165,800 Springfield-Belmont $151,400 University Heights $145,600

Listings & Sales

Data through Aug 31, 2014
  • $90 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.3% Listings with price cut
53.8%
Sold below listing
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South Broad Street Rentals

Data through Aug 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
$1,517 South Broad Street
$1,489 Newark
$1,328 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.07 Rent list price / sq ft (Jul 31, 2014)
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