Yonkers Home Prices & Values

$379,600 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

  • 2.5% 1-year change
  • 0.9% 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 Yonkers is $379,600. Yonkers home values have gone up 2.5% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in Yonkers is $172, which is lower than the New York Metro average of $252. The median price of homes currently listed in Yonkers is $215,000 while the median price of homes that sold is $395,250. The median rent price in Yonkers is $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Yonkers 0.6 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.4 and also lower than the national value of 4.3

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 Yonkers is 15.9%, 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 Yonkers homeowners underwater on their mortgage is 17.7%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Yonkers Market Overview

Data through Aug 31, 2014
  • $379,600 ZHVI
  • 0.9% 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

    (Aug 31, 2015)
  • $215,000 Median listing price
  • $395,250 Median sale price
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Yonkers Market Health

Data through Aug 31, 2014
  • 3.6/10 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 days on Zillow
  • 17.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 15.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.6 homes Yonkers
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Greenville $892,500 Bronxville $759,000 Hastings on Hudson $664,900
Eastchester $621,100 Dobbs Ferry $582,400 Pelham $575,600
Ardsley $574,600 Tuckahoe $497,900 Mount Vernon $371,900

Listings & Sales

Data through Aug 31, 2014
  • $172 Median list price / sq ft
  • $256 Median sale price / sq ft
  • 38.0% Listings with price cut
18.8%
Sold below listing
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Yonkers Rentals

Data through Aug 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
$2,482 Yonkers
$2,340 New York Metro
$1,328 United States
  • 2.6 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, 2014)
  • $1,500 Rent list price
  • $1.68 Rent list price / sq ft
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