Home Values

South Brunswick 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

$399,100

  • 9.6% 1-year change
  • 2.7% 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in South Brunswick is $399,100. South Brunswick home values have gone up 9.6% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in South Brunswick is $219, which is lower than the New York Metro average of $254. The median price of homes currently listed in South Brunswick is $394,900 while the median price of homes that sold is $365,200. The median rent price in South Brunswick is $2,200, which is lower than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In South Brunswick 0.9 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower than the national value of 4.0

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 South Brunswick is 7.9%, which is higher than the national value of 6.4%. 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 South Brunswick homeowners underwater on their mortgage is 6.6%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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South Brunswick Market Overview

Data through Dec 31, 2014
  • $399,100 ZHVI
  • 2.7% 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
    (Dec 31, 2015)
  • $394,900 Median listing price
  • $365,200 Median sale price
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South Brunswick Market Health

Data through Dec 31, 2014
  • 8.9/10 Very 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
  • 6.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Nov 30, 2014) South Brunswick
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Cranbury Township $632,900
Monmouth Junction $383,300
Plainsboro Township $345,100
Name Median ZHVI
Dayton $340,800
Heathcote $339,200
Franklin Township $312,500
Name Median ZHVI
North Brunswick $275,100
Jamesburg $247,100
Helmetta $195,500

Listings & Sales

Data through Dec 31, 2014
  • $219 Median list price / sq ft
  • $213 Median sale price / sq ft
  • 15.8% Listings with price cut
13.3%
Sold below listing
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South Brunswick Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,308 South Brunswick
    $2,340 New York Metro
    $1,345 United States

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

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,200 Rent list price
  • No recent data Rent list price / sq ft
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