Home Values

Three Rivers 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

$158,900

  • -0.3% 1-year change
  • 0.9% 1-year forecast

The median home value in Three Rivers is $158,900. Three Rivers home values have declined -0.3% over the past year and Zillow predicts they will rise 0.9% within the next year. The median price of homes currently listed in Three Rivers is $140,000.

Foreclosures will be a factor impacting home values in the next several years. In Three Rivers 54.9 homes are foreclosed (per 10,000). This is greater than the Springfield Metro value of 2.4 and also greater than the national value of 4.2

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 Three Rivers is 11.8%, 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 Three Rivers homeowners underwater on their mortgage is 28.5%, which is higher than Springfield Metro at 13.5%.

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Relative ZHVI
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Three Rivers Market Overview

Data through Nov 30, 2014
  • $158,900 ZHVI
  • 0.9% 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
    (Nov 30, 2015)
  • $140,000 Median listing price
  • No data Median sale price
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Three Rivers Market Health

Data through Nov 30, 2014
  • 0.3/10 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
  • 28.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

54.9 homes(Feb 28, 2014) Three Rivers
2.4 homes Springfield Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Town of Wilbraham $263,100
Town of Belchertown $257,500
Brimfield $230,000
Name Median ZHVI
Town of Granby $217,300
Ludlow $195,500
Monson $176,800
Name Median ZHVI
Town of Ware $176,700
Town of Palmer $171,700
Springfield $126,400

Listings & Sales

Data through Nov 30, 2014
  • $126 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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Three Rivers Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,354 Three Rivers
    $1,471 Springfield Metro
    $1,342 United States

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

  • 3.4 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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