Home Values

Succasunna 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

$348,500

  • 7.4% 1-year change
  • 2.0% 1-year forecast

The median home value in Succasunna is $348,500. Succasunna home values have gone up 7.4% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Succasunna is $185, which is lower than the New York Metro average of $252. The median price of homes currently listed in Succasunna is $349,900 while the median price of homes that sold is $290,000.

Foreclosures will be a factor impacting home values in the next several years. In Succasunna 1.4 homes are foreclosed (per 10,000). This is the same as 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 Succasunna is 12.2%, 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 Succasunna homeowners underwater on their mortgage is 16.5%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Succasunna Market Overview

Data through Aug 31, 2014
  • $348,500 ZHVI
  • 2.0% 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
    (Aug 31, 2015)
  • $349,900 Median listing price
  • $290,000 Median sale price (Jul 31, 2014)
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Succasunna Market Health

Data through Aug 31, 2014
  • 6.7/10 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
  • 16.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes(Jul 31, 2014) Succasunna
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Chester Township $620,600
Randolph $485,800
Mount Arlington $290,000
Name Median ZHVI
Roxbury Township $268,900
Mine Hill $257,000
Wharton $257,000
Name Median ZHVI
Netcong $251,100
Stanhope $192,400
Hopatcong $187,400

Listings & Sales

Data through Aug 31, 2014
  • $185 Median list price / sq ft
  • $184 Median sale price / sq ft (Jul 31, 2014)
  • 40.0% Listings with price cut
9.5%
Sold below listing
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Succasunna Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,385 Succasunna
    $2,340 New York Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    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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