Home Values

02188 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

$314,000

  • 5.9% 1-year change
  • 0.4% 1-year forecast

The median home value in 02188 is $314,000. 02188 home values have gone up 5.9% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in 02188 is $238, which is higher than the Weymouth average of $224. The median price of homes currently listed in 02188 is $329,900 while the median price of homes that sold is $310,054. The median rent price in 02188 is $1,354, which is lower than the Weymouth median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In 02188 1.6 homes are foreclosed (per 10,000). This is greater than the Weymouth value of 0.4 and also lower than the national value of 4.0

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 02188 is 9.4%, 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 02188 homeowners underwater on their mortgage is 9.6%, which is lower than Weymouth at 10.7%.

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Relative ZHVI
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02188 Market Overview

Data through Sep 30, 2014
  • $314,000 ZHVI
  • 0.4% 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
    (Sep 30, 2015)
  • $329,900 Median listing price
  • $310,054 Median sale price (Jul 31, 2014)
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02188 Market Health

Data through Sep 30, 2014
  • 4.0/10 Less 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
  • 9.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes(Jul 31, 2014) 02188
0.4 homes(Aug 31, 2014) Weymouth
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
02043 $644,500
02170 $383,500
02184 $375,000
Name Median ZHVI
02169 $328,700
02190 $324,200
02191 $304,500
Name Median ZHVI
02189 $295,700
02351 $280,200
02343 $256,800

Listings & Sales

Data through Sep 30, 2014
  • $238 Median list price / sq ft
  • $222 Median sale price / sq ft (Jul 31, 2014)
  • 41.2% Listings with price cut
28.7%
Sold below listing
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02188 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,077 02188
    $2,076 Weymouth
    $1,335 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,354 Rent list price
  • $1.83 Rent list price / sq ft
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