Town of Salamanca Home Prices & Values

$47,900 Zillow Home Value Index What's This?  
Close

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

  • -1.4% 1-year change
  • No data 1-year forecast

The median home value in Town of Salamanca is $47,900. Town of Salamanca home values have declined -1.4% over the past year. The median list price per square foot in Town of Salamanca is $38, which is lower than the Olean Metro average of $66. The median price of homes currently listed in Town of Salamanca is $64,000 while the median price of homes that sold is $39,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Salamanca 3.2 homes are foreclosed (per 10,000). This is lower 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 Salamanca is 7.6%, which is higher 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 Salamanca homeowners underwater on their mortgage is 19.1%.

more
Relative ZHVI
- +

Town of Salamanca Market Overview

Data through Jul 31, 2014
  • $47,900 ZHVI
  • No data 1-yr forecast
  • $64,000 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Salamanca Market Health

Data through Jul 31, 2014
  • 0.8/10 Less healthy What's This?  
    Close

    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
  • 19.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Ellicottville $197,300 Great Valley $104,200 Town of Allegany $100,800
Town of Randolph $68,800 Town of Little Valley $60,100  

Listings & Sales

Data through Jul 31, 2014
  • $38 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.5% Listings with price cut
17.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Town of Salamanca Rentals

Data through Jul 31, 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
$1,326 Town of Salamanca
$1,388 Olean Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading