Spring House Home Prices & Values

$459,700 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

  • 3.6% 1-year change
  • 1.4% 1-year forecast

The median home value in Spring House is $459,700. Spring House home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.4% within the next year. The median price of homes currently listed in Spring House is $489,000.

Foreclosures will be a factor impacting home values in the next several years. In Spring House 7.1 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 4.7 and also greater 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 Spring House is 0.0%, which is lower 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 Spring House homeowners underwater on their mortgage is 4.8%, which is lower than Philadelphia Metro at 20.1%.

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Relative ZHVI
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Spring House Market Overview

Data through Aug 31, 2014
  • $459,700 ZHVI
  • 1.4% 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)
  • $489,000 Median listing price
  • No data Median sale price
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Spring House Market Health

Data through Aug 31, 2014
  • 9.0/10 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
  • 4.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.1 homes(Jan 31, 2013) Spring House
4.7 homes Philadelphia Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Fort Washington $478,000 Lower Gwynedd $453,400 Blue Bell $406,900
Whitpain Township $397,800 Maple Glen $395,200 Montgomery Township $365,700
Upper Dublin $329,400 Ambler $220,400 North Wales $220,200

Listings & Sales

Data through Aug 31, 2014
  • $191 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 40.7% Listings with price cut
27.3%
Sold below listing
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Spring House 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
$2,678 Spring House
$1,551 Philadelphia Metro
$1,328 United States
  • 2.8 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 data Rent list price
  • No data Rent list price / sq ft
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