Home Values

Town of Norwich 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

$82,500

  • 8.8% 1-year change
  • None 1-year forecast

The median home value in Town of Norwich is $82,500. Town of Norwich home values have gone up 8.8% over the past year. The median list price per square foot in Town of Norwich is $57, which is lower than the Chenango County average of $65. The median price of homes currently listed in Town of Norwich is $99,900 while the median price of homes that sold is $72,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Norwich 9.8 homes are foreclosed (per 10,000). This is lower than the Chenango County value of 11.0 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 Norwich is 5.5%, which is lower 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 Norwich homeowners underwater on their mortgage is 19.7%, which is higher than Chenango County at 16.4%.

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Relative ZHVI
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Town of Norwich Market Overview

Data through Jan 31, 2015
  • $82,500 ZHVI
  • No data 1-yr forecast
  • $99,900 Median listing price
  • No recent data Median sale price
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Town of Norwich Market Health

Data through Jan 31, 2015
  • 6.3/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 19.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.8 homes(Dec 31, 2014) Town of Norwich
11 homes(Dec 31, 2014) Chenango County
4 homes United States
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Nearby Cities

Name Median ZHVI
Butternuts $113,500
Town of Sherburne $101,400
North Norwich $88,700
Name Median ZHVI
Town of Bainbridge $87,600
Guilford $85,500
Town of New Berlin $80,100
Name Median ZHVI
Town of Oxford $76,800
 
 

Listings & Sales

Data through Jan 31, 2015
  • $57 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
27.3%
Sold below listing
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Town of Norwich Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,358 Town of Norwich
    $1,421 Chenango County
    $1,350 United States

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

  • 0.9 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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