Thornbury Township Home Prices & Values

$500,200 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

  • 9.1% 1-year change
  • 2.7% 1-year forecast

The median home value in Thornbury Township is $500,200. Thornbury Township home values have gone up 9.1% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Thornbury Township is $171, which is higher than the Philadelphia Metro average of $134. The median price of homes currently listed in Thornbury Township is $619,900 while the median price of homes that sold is $417,655.

Foreclosures will be a factor impacting home values in the next several years. In Thornbury Township 12.1 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 3.3 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 Thornbury Township is 7.7%, which is higher than the national value of 7.2%. 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 Thornbury Township homeowners underwater on their mortgage is 6.0%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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Thornbury Township Market Overview

Data through Jun 30, 2014
  • $500,200 ZHVI
  • 2.7% 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

    (Jun 30, 2015)
  • $619,900 Median listing price
  • No recent data Median sale price
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Thornbury Township Market Health

Data through Jun 30, 2014
  • 8.6/10 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 of days on Zillow
  • 6.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

12.1 homes(Jul 31, 2011) Thornbury Township
3.3 homes Philadelphia Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Willistown Township $542,800 Chadds Ford Township $490,600 Pennsbury Township $441,500
Edgmont Township $430,800 Garnet Valley $393,900 Glen Mills $392,700
West Chester $355,700 Lima $250,900 Aston $212,200

Listings & Sales

Data through Jun 30, 2014
  • $171 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 47.4% Listings with price cut
15.4%
Sold below listing
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Thornbury Township Rentals

Data through Jun 30, 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
$2,659 Thornbury Township
$1,532 Philadelphia Metro
$1,310 United States
  • 5.0 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, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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