Home Values

Southeast 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

$274,500

  • -2.2% 1-year change
  • -1.5% 1-year forecast

The median home value in Southeast is $274,500. Southeast home values have declined -2.2% over the past year and Zillow predicts they will fall -1.5% within the next year. The median list price per square foot in Southeast is $185, which is lower than the New York Metro average of $251. The median price of homes currently listed in Southeast is $300,000 while the median price of homes that sold is $319,338. The median rent price in Southeast is $1,800, which is lower than the New York Metro median of $2,395.

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 1.5 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 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 Oct 31, 2014
  • $274,500 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)
  • $300,000 Median listing price
  • $319,338 Median sale price
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Southeast Market Health

Data through Oct 31, 2014
  • 0.5/10 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
  • 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
1.5 homes New York Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Town of Ridgefield $601,100
North Salem $533,800
Heritage Hills $352,200
Name Median ZHVI
New Fairfield $325,400
Carmel Hamlet $267,000
Brewster Hill $260,500
Name Median ZHVI
Danbury $246,800
Patterson $218,900
Lake Carmel $196,500

Listings & Sales

Data through Oct 31, 2014
  • $185 Median list price / sq ft
  • $193 Median sale price / sq ft
  • 45.2% Listings with price cut
54.9%
Sold below listing
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Southeast Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,070 Southeast
    $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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • No data Rent list price / sq ft
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