Home Values

Town of Litchfield 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

$299,000

  • 2.6% 1-year change
  • None 1-year forecast

The median home value in Town of Litchfield is $299,000. Town of Litchfield home values have gone up 2.6% over the past year. The median list price per square foot in Town of Litchfield is $176, which is higher than the Torrington Metro average of $153. The median price of homes currently listed in Town of Litchfield is $389,000 while the median price of homes that sold is $271,235. The median rent price in Town of Litchfield is $1,900, which is higher than the Torrington Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Town of Litchfield 38.1 homes are foreclosed (per 10,000). This is 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 Town of Litchfield is 7.6%, 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 Town of Litchfield homeowners underwater on their mortgage is 12.7%.

Read more
Relative ZHVI
- +

Town of Litchfield Market Overview

Data through Nov 30, 2014
  • $299,000 ZHVI
  • No data 1-yr forecast
  • $389,000 Median listing price
  • $271,235 Median sale price (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Litchfield Market Health

Data through Nov 30, 2014
  • 2.4/10 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
  • 12.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Washington $693,500
Warren $349,300
Goshen $315,900
Name Median ZHVI
Harwinton $302,800
Morris $292,700
Bethlehem $267,500
Name Median ZHVI
Watertown $233,200
Thomaston $161,800
Torrington $137,500

Listings & Sales

Data through Nov 30, 2014
  • $176 Median list price / sq ft
  • $165 Median sale price / sq ft (Sep 30, 2014)
  • No data Listings with price cut
27.0%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Litchfield Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,816 Town of Litchfield
    $1,548 Torrington 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

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,900 Rent list price
  • $0.87 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading