Home Values

03857 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

$218,100

  • 7.2% 1-year change
  • 0.5% 1-year forecast

The median home value in 03857 is $218,100. 03857 home values have gone up 7.2% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in 03857 is $145, which is the same as the Town of Newmarket average of $145. The median price of homes currently listed in 03857 is $239,900 while the median price of homes that sold is $244,196.

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 03857 is 2.8%, which is lower 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 03857 homeowners underwater on their mortgage is 18.1%, which is the same as Town of Newmarket at 18.1%.

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Relative ZHVI
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03857 Market Overview

Data through Aug 31, 2014
  • $218,100 ZHVI
  • 0.5% 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
    (Aug 31, 2015)
  • $239,900 Median listing price
  • $244,196 Median sale price (Jul 31, 2014)
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03857 Market Health

Data through Aug 31, 2014
  • 7.5/10 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
  • 18.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
03856 $396,800
03840 $343,800
03885 $332,900
Name Median ZHVI
03823 $323,100
03824 $301,900
03833 $270,600
Name Median ZHVI
03861 $256,600
03042 $228,400
03820 $202,600

Listings & Sales

Data through Aug 31, 2014
  • $145 Median list price / sq ft
  • $138 Median sale price / sq ft (Jul 31, 2014)
  • 37.6% Listings with price cut
28.8%
Sold below listing
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03857 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,606 03857
    $1,606 Town of Newmarket
    $1,328 United States

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

  • 2.6 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
  • $1.12 Rent list price / sq ft (Jul 31, 2014)
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