South Park Home Prices & Values

$153,500 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

  • 13.4% 1-year change
  • 4.5% 1-year forecast

Market Temperature: Very ColdWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in South Park is $153,500. South Park home values have gone up 13.4% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in South Park is $107, which is higher than the Pittsburgh Metro average of $102. The median price of homes currently listed in South Park is $130,000 while the median price of homes that sold is $124,000. The median rent price in South Park is $855, which is lower than the Pittsburgh Metro median of $1,045.

Foreclosures will be a factor impacting home values in the next several years. In South Park 3.4 homes are foreclosed (per 10,000). This is greater than the Pittsburgh Metro value of 2.1 and also lower than the national value of 4.3

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 Park is 7.9%, 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 South Park homeowners underwater on their mortgage is 4.4%, which is lower than Pittsburgh Metro at 10.6%.

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Relative ZHVI
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South Park Market Overview

Data through Aug 31, 2014
  • $153,500 ZHVI
  • 4.5% 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)
  • $130,000 Median listing price
  • $124,000 Median sale price
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South Park Market Health

Data through Aug 31, 2014
  • 9.1/10 Very 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
  • 4.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.4 homes South Park
2.1 homes Pittsburgh Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Peters Township $329,600 Bethel Park $178,800 Jefferson Hills $163,500
Pleasant Hills $159,600 Whitehall $149,000 Gastonville $145,300
Union Township $135,700 Baldwin Township $120,400 Castle Shannon $118,000

Listings & Sales

Data through Aug 31, 2014
  • $107 Median list price / sq ft
  • $98 Median sale price / sq ft
  • 38.5% Listings with price cut
33.3%
Sold below listing
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South Park 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
$1,321 South Park
$1,133 Pittsburgh Metro
$1,328 United States
  • 1.6 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)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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