Town of Southbridge Home Prices & Values

$156,800 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

  • 3.0% 1-year change
  • 0.7% 1-year forecast

The median home value in Town of Southbridge is $156,800. Town of Southbridge home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Town of Southbridge is $114, which is lower than the Worcester Metro average of $153. The median price of homes currently listed in Town of Southbridge is $169,500 while the median price of homes that sold is $140,462. The median rent price in Town of Southbridge is $900, which is lower than the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Town of Southbridge 5.1 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 1.9 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 Southbridge is 14.3%, 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 Southbridge homeowners underwater on their mortgage is 29.5%, which is higher than Worcester Metro at 19.1%.

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Relative ZHVI
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Town of Southbridge Market Overview

Data through Jul 31, 2014
  • $156,800 ZHVI
  • 0.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $169,500 Median listing price
  • $140,462 Median sale price (Jun 30, 2014)
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Town of Southbridge Market Health

Data through Jul 31, 2014
  • 0.6/10 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 days on Zillow
  • 29.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.1 homes Town of Southbridge
1.9 homes Worcester Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Charlton $256,700 Town of Sturbridge $244,400 Fiskdale $241,000
Eastford $232,300 Woodstock $224,900 Dudley $209,200
Town of East Brookfield $206,200 Town of Holland $196,500 Brookfield $191,900

Listings & Sales

Data through Jul 31, 2014
  • $114 Median list price / sq ft
  • $92 Median sale price / sq ft (Jun 30, 2014)
  • 48.8% Listings with price cut
53.4%
Sold below listing
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Town of Southbridge 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
$1,230 Town of Southbridge
$1,460 Worcester Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $900 Rent list price
  • No data Rent list price / sq ft
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