Southeast Home Prices & Values

$282,300 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

  • 0.2% 1-year change
  • -0.0% 1-year forecast

The median home value in Southeast is $282,300. Southeast home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.0% within the next year. The median list price per square foot in Southeast is $188, which is lower than the New York Metro average of $252. The median price of homes currently listed in Southeast is $309,999 while the median price of homes that sold is $275,588. The median rent price in Southeast is $1,975.

Foreclosures will be a factor impacting home values in the next several years. In Southeast 3.1 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 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 Southeast is 10.8%, 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 Southeast homeowners underwater on their mortgage is 20.6%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Southeast Market Overview

Data through Aug 31, 2014
  • $282,300 ZHVI
  • -0.0% 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)
  • $309,999 Median listing price
  • $275,588 Median sale price (Jul 31, 2014)
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Southeast Market Health

Data through Aug 31, 2014
  • 1.0/10 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
  • 20.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes Southeast
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Ridgefield $607,800 North Salem $549,600 Heritage Hills $367,800
New Fairfield $334,700 Carmel Hamlet $297,200 Brewster Hill $263,800
Danbury $248,000 Patterson $228,700 Lake Carmel $203,800

Listings & Sales

Data through Aug 31, 2014
  • $188 Median list price / sq ft
  • $192 Median sale price / sq ft (Jul 31, 2014)
  • 40.1% Listings with price cut
72.7%
Sold below listing
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Southeast 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
$2,159 Southeast
$2,340 New York Metro
$1,328 United States
  • 3.0 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)
  • $1,975 Rent list price
  • $1.18 Rent list price / sq ft
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