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

$282,900

  • 1.4% 1-year change
  • -1.0% 1-year forecast

The median home value in Southeast is $282,900. Southeast home values have gone up 1.4% over the past year and Zillow predicts they will fall -1.0% within the next year. The median list price per square foot in Southeast is $184, which is lower than the New York Metro average of $256. The median price of homes currently listed in Southeast is $319,000 while the median price of homes that sold is $304,769. The median rent price in Southeast is $1,800, which is lower than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Southeast 2.1 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 4.0

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 Southeast is 9.8%, 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 Southeast homeowners underwater on their mortgage is 20.4%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Southeast Market Overview

Data through Jan 31, 2015
  • $282,900 ZHVI
  • -1.0% 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
    (Jan 31, 2016)
  • $319,000 Median listing price
  • $304,769 Median sale price (Dec 31, 2014)
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Southeast Market Health

Data through Jan 31, 2015
  • 2.2/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 20.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes(Dec 31, 2014) Southeast
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Ridgefield $601,200
North Salem $525,500
Heritage Hills $347,400
Name Median ZHVI
New Fairfield $319,800
Brewster Hill $271,500
Carmel Hamlet $268,600
Name Median ZHVI
Danbury $244,300
Patterson $227,300
Lake Carmel $200,000

Listings & Sales

Data through Jan 31, 2015
  • $184 Median list price / sq ft
  • $201 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
53.3%
Sold below listing
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Southeast Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,015 Southeast
    $2,331 New York Metro
    $1,350 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
  • $1.37 Rent list price / sq ft
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