Town of Norwich Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Town of Norwich is $61, which is lower than the Chenango County average of $65. The median price of homes currently listed in Town of Norwich is $109,900 while the median price of homes that sold is $120,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Norwich 9.6 homes are foreclosed (per 10,000). This is lower than the Chenango County value of 11.5 and also greater than the national value of 4.4

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 5.0%, 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 Town of Norwich homeowners underwater on their mortgage is 19.7%, which is higher than Chenango County at 16.8%.

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Relative ZHVI
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Town of Norwich Market Overview

Data through Jul 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $109,900 Median listing price
  • No recent data Median sale price
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Town of Norwich Market Health

Data through Jul 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 19.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.6 homes Town of Norwich
11.5 homes Chenango County
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Butternuts $113,100 Guilford $83,500 Town of Sherburne $80,900
Town of Bainbridge $80,200 North Norwich $78,600 Town of New Berlin $77,400
Town of Oxford $72,400    

Listings & Sales

Data through Jul 31, 2014
  • $61 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 37.0% Listings with price cut
21.6%
Sold below listing
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Town of Norwich Rentals

Data through Jul 31, 2014
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$1,341 Town of Norwich
$1,383 Chenango County
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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