Town of Norwich Home Prices & Values

$78,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -6.1% 1-year change
  • No data 1-year forecast

The median home value in Town of Norwich is $78,100. Town of Norwich home values have declined -6.1% over the past year. The median list price per square foot in Town of Norwich is $67, which is lower than the Chenango County average of $69. The median price of homes currently listed in Town of Norwich is $123,500 while the median price of homes that sold is $104,400.

Foreclosures will be a factor impacting home values in the next several years. In Town of Norwich 2.7 homes are foreclosed (per 10,000). This is lower than the Chenango County value of 6.5 and also lower than the national value of 4.3

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 4.4%, which is lower than the national value of 7.2%. 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 18.6%, which is higher than Chenango County at 16.2%.

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Relative ZHVI
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Town of Norwich Market Overview

Data through Jun 30, 2014
  • $78,100 ZHVI
  • No data 1-yr forecast
  • $123,500 Median listing price
  • No recent data Median sale price
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Town of Norwich Market Health

Data through Jun 30, 2014
  • 4.5/10 Stable What's This?  
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    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 of days on Zillow
  • 18.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.7 homes(Mar 31, 2014) Town of Norwich
6.5 homes Chenango County
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Butternuts $112,700 Town of Sherburne $81,600 North Norwich $80,200
Town of New Berlin $80,100 Guilford $79,100 Town of Bainbridge $76,100
Town of Oxford $74,400    

Listings & Sales

Data through Jun 30, 2014
  • $67 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.5% Listings with price cut
21.6%
Sold below listing
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Town of Norwich Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,330 Town of Norwich
$1,377 Chenango County
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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