West Newbury Home Prices & Values

$499,600 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

  • 4.8% 1-year change
  • -0.3% 1-year forecast

The median home value in West Newbury is $499,600. West Newbury home values have gone up 4.8% over the past year and Zillow predicts they will fall -0.3% within the next year. The median price of homes currently listed in West Newbury is $549,000. The median rent price in West Newbury is $1,000, which is lower than the Boston Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In West Newbury 4.4 homes are foreclosed (per 10,000). This is the same as 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 West Newbury is 10.0%, 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 West Newbury homeowners underwater on their mortgage is 4.1%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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West Newbury Market Overview

Data through Jul 31, 2014
  • $499,600 ZHVI
  • -0.3% 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)
  • $549,000 Median listing price
  • No data Median sale price
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West Newbury Market Health

Data through Jul 31, 2014
  • 5.3/10 Stable 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
  • 4.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Newburyport $432,600 Town of Rowley $414,100 Georgetown $407,800
Groveland $354,400 Merrimac $330,000 Town of Salisbury $310,000
Town of Amesbury $285,600 Newton $263,900 Haverhill $243,100

Listings & Sales

Data through Jul 31, 2014
  • $211 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 39.7% Listings with price cut
52.4%
Sold below listing
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West Newbury 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
$2,485 West Newbury
$2,091 Boston Metro
$1,318 United States
  • 5.0 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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