07052 Home Prices & Values

$326,700 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

  • 5.7% 1-year change
  • 0.7% 1-year forecast

The median home value in 07052 is $326,700. 07052 home values have gone up 5.7% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in 07052 is $212, which is the same as the West Orange average of $212. The median price of homes currently listed in 07052 is $369,900 while the median price of homes that sold is $349,100. The median rent price in 07052 is $2,500, which is the same as the West Orange median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In 07052 0.4 homes are foreclosed (per 10,000). This is the same as the West Orange value of 0.4 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 07052 is 20.0%, which is higher than the national value of 7.2%. 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 07052 homeowners underwater on their mortgage is 18.3%, which is the same as West Orange at 18.3%.

more
Relative ZHVI
- +

07052 Market Overview

Data through Jul 31, 2014
  • $326,700 ZHVI
  • 0.7% 1-yr forecast What's This?  
    Close

    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)
  • $369,900 Median listing price
  • $349,100 Median sale price (May 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

07052 Market Health

Data through Jul 31, 2014
  • 1.8/10 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 of days on Zillow
  • 18.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 20.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
07021 $849,000 07068 $509,600 07079 $498,100
07042 $452,400 07044 $404,100 07050 $181,600
07017 $168,900 07018 $159,700 07106 $152,500

Listings & Sales

Data through Jul 31, 2014
  • $212 Median list price / sq ft
  • $187 Median sale price / sq ft (May 31, 2014)
  • 38.8% Listings with price cut
28.1%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

07052 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
$2,422 07052
$2,421 West Orange
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,500 Rent list price
  • $1.51 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading