Home Values

02540 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

$522,400

  • 2.9% 1-year change
  • 1.7% 1-year forecast

The median home value in 02540 is $522,400. 02540 home values have gone up 2.9% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 02540 is $317, which is higher than the Town of Falmouth average of $303. The median price of homes currently listed in 02540 is $575,000 while the median price of homes that sold is $465,250. The median rent price in 02540 is $1,800, which is higher than the Town of Falmouth median of $1,750.

Foreclosures will be a factor impacting home values in the next several years. In 02540 2.2 homes are foreclosed (per 10,000). This is the same as the Town of Falmouth value of 2.2 and also lower than the national value of 3.9

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 02540 homeowners underwater on their mortgage is 4.1%, which is higher than Town of Falmouth at 3.9%.

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Relative ZHVI
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02540 Market Overview

Data through Feb 28, 2015
  • $522,400 ZHVI
  • 1.7% 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
    (Feb 29, 2016)
  • $575,000 Median listing price
  • No recent data Median sale price
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02540 Market Health

Data through Feb 28, 2015
  • 8.4/10 Very 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
  • 4.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
02543 $726,100
02568 $532,400
02557 $484,900
Name Median ZHVI
02556 $471,400
02559 $344,500
02649 $323,200
Name Median ZHVI
02536 $311,900
02644 $291,600
02532 $288,000

Listings & Sales

Data through Feb 28, 2015
  • $317 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 6.7% Listings with price cut
10.2%
Sold below listing
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02540 Rentals

Data through Feb 28, 2015
  • 6.1 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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