Willowick Home Prices & Values

$100,100 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

  • -5.0% 1-year change
  • -1.3% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Willowick is $100,100. Willowick home values have declined -5.0% over the past year and Zillow predicts they will fall -1.3% within the next year. The median list price per square foot in Willowick is $89, which is higher than the Cleveland Metro average of $88. The median price of homes currently listed in Willowick is $109,900 while the median price of homes that sold is $106,529. The median rent price in Willowick is $685, which is lower than the Cleveland Metro median of $865.

Foreclosures will be a factor impacting home values in the next several years. In Willowick 7.3 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 7.5 and also greater than the national value of 4.8

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Relative ZHVI
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Willowick Market Overview

Data through May 31, 2014
  • $100,100 ZHVI
  • -1.3% 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

    (May 31, 2015)
  • $109,900 Median listing price
  • $106,529 Median sale price
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Willowick Market Health

Data through May 31, 2014
  • 1.0/10 Less 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 of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

7.3 homes Willowick
7.5 homes Cleveland Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gates Mills $453,300 Highland Heights $217,800 Mayfield $206,900
Willoughby Hills $196,800 Willoughby $119,300 Richmond Heights $117,100
Eastlake $106,900 Wickliffe $101,500 Euclid $64,400

Listings & Sales

Data through May 31, 2014
  • $89 Median list price / sq ft
  • $94 Median sale price / sq ft
  • 30.2% Listings with price cut
30.4%
Sold below listing
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Willowick Rentals

Data through May 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
$977 Willowick
$1,128 Cleveland Metro
$1,310 United States
  • 2.0 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)
  • $685 Rent list price
  • $0.77 Rent list price / sq ft
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