Home Values

Wading River Home Prices & Values

Zillow Home Value Index

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

$419,600

  • 19.4% 1-year change
  • 7.0% 1-year forecast

The median home value in Wading River is $419,600. Wading River home values have gone up 19.4% over the past year and Zillow predicts they will rise 7.0% within the next year. The median list price per square foot in Wading River is $213, which is lower than the New York Metro average of $252. The median price of homes currently listed in Wading River is $459,990 while the median price of homes that sold is $345,000.

Foreclosures will be a factor impacting home values in the next several years. In Wading River 3.1 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 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 Wading River is 18.2%, 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 Wading River homeowners underwater on their mortgage is 10.9%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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Wading River Market Overview

Data through Aug 31, 2014
  • $419,600 ZHVI
  • 7.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $459,990 Median listing price
  • No recent data Median sale price
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Wading River Market Health

Data through Aug 31, 2014
  • 8.0/10 Very healthy
    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
  • 10.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 18.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes Wading River
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Shoreham $405,700
Manorville $355,400
Calverton $345,200
Name Median ZHVI
Moriches $256,900
Rocky Point $245,000
Sound Beach $240,100
Name Median ZHVI
Middle Island $225,400
Ridge $215,500
Mastic $176,300

Listings & Sales

Data through Aug 31, 2014
  • $213 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 50.4% Listings with price cut
9.1%
Sold below listing
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Wading River Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,479 Wading River
    $2,340 New York Metro
    $1,328 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.70 Rent list price / sq ft
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