Home Values

Town of Galway 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

$181,600

  • -5.8% 1-year change
  • -2.2% 1-year forecast

The median home value in Town of Galway is $181,600. Town of Galway home values have declined -5.8% over the past year and Zillow predicts they will fall -2.2% within the next year. The median price of homes currently listed in Town of Galway is $207,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Galway 19.9 homes are foreclosed (per 10,000). This is greater than the Albany Metro value of 2.4 and also greater than the national value of 4.0

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 Town of Galway is 14.0%, 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 Town of Galway homeowners underwater on their mortgage is 10.1%, which is lower than Albany Metro at 12.6%.

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Relative ZHVI
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Town of Galway Market Overview

Data through Sep 30, 2014
  • $181,600 ZHVI
  • -2.2% 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
    (Sep 30, 2015)
  • $207,000 Median listing price
  • No data Median sale price
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Town of Galway Market Health

Data through Sep 30, 2014
  • 0.5/10 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
  • 10.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

19.9 homes(Jul 31, 2014) Town of Galway
2.4 homes Albany Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Ballston $237,300
Town of Milton $217,900
Charlton $217,000
Name Median ZHVI
Ballston Spa $186,500
North Ballston Spa $181,700
Glenville $175,700
Name Median ZHVI
Providence $164,400
Perth $144,500
Town of Broadalbin $130,500

Listings & Sales

Data through Sep 30, 2014
  • $117 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 54.5% Listings with price cut
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Town of Galway Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,586 Town of Galway
    $1,497 Albany Metro
    $1,335 United States

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

  • 2.3 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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