Wellfleet Home Prices & Values

$509,600 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

  • 1.3% 1-year change
  • -0.1% 1-year forecast

The median home value in Wellfleet is $509,600. Wellfleet home values have gone up 1.3% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Wellfleet is $327, which is higher than the Cape Cod Metro average of $273. The median price of homes currently listed in Wellfleet is $539,000 while the median price of homes that sold is $477,500.

Foreclosures will be a factor impacting home values in the next several years. In Wellfleet 2.1 homes are foreclosed (per 10,000). This is greater than the Cape Cod Metro value of 0.2 and also 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 Wellfleet is 0.0%, which is lower 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 Wellfleet homeowners underwater on their mortgage is 3.9%, which is lower than Cape Cod Metro at 9.6%.

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Relative ZHVI
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Wellfleet Market Overview

Data through Jul 31, 2014
  • $509,600 ZHVI
  • -0.1% 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)
  • $539,000 Median listing price
  • No recent data Median sale price
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Wellfleet Market Health

Data through Jul 31, 2014
  • 8.3/10 Very 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
  • 3.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes(Apr 30, 2014) Wellfleet
0.2 homes Cape Cod Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
North Chatham $884,100 Truro $602,000 Town of Orleans $558,200
Harwich Port $462,400 Town of Provincetown $455,200 South Chatham $446,600
Eastham $409,700 Town of Brewster $372,400 Harwich $335,500

Listings & Sales

Data through Jul 31, 2014
  • $327 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.2% Listings with price cut
18.2%
Sold below listing
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Wellfleet Rentals

Data through Jul 31, 2014
  • 6.0 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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