13825 Home Prices & Values

$116,900 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

  • -1.2% 1-year change
  • No data 1-year forecast

The median home value in 13825 is $116,900. 13825 home values have declined -1.2% over the past year. The median list price per square foot in 13825 is $92, which is higher than the Town of Otego average of $89. The median price of homes currently listed in 13825 is $155,500 while the median price of homes that sold is $98,061.

Foreclosures will be a factor impacting home values in the next several years. In 13825 12.0 homes are foreclosed (per 10,000). This is the same as the Town of Otego value of 12.0 and also greater than the national value of 5.0

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 13825 is 9.1%, which is higher than the national value of 8.0%. 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 13825 homeowners underwater on their mortgage is 15.3%, which is the same as Town of Otego at 15.3%.

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Relative ZHVI
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13825 Market Overview

Data through Feb 28, 2014
  • $116,900 ZHVI
  • No data 1-yr forecast
  • $155,500 Median listing price
  • No recent data Median sale price
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13825 Market Health

Data through Feb 28, 2014
  • 2.2/10 Less healthy 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
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
13820 $111,500 13411 $83,200  

Listings & Sales

Data through Feb 28, 2014
  • $92 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 13.0% Listings with price cut
14.5%
Sold below listing
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13825 Rentals

Data through Feb 28, 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
$1,514 13825
$1,517 Town of Otego
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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