Homeowners in the Boston area don’t have to worry as much as most of the country when it comes to declining home values, according to a recent report from real estate website Zillow.com.

The average Boston home value was reported to be $314,200 in the fourth quarter 2010, a 1.9 percent decrease from the same time in 2009. It was a 3.2 percent decline from the third quarter 2010.

The country as a whole experienced a 5.9 percent decline in home value between the fourth quarter 2009 and the fourth quarter 2010, according to Zillow’s report. The end of the homebuyer tax credits contributed to the decline in home value.

"While the tax credits did not hurt the housing market, they did delay its bottom by interrupting the housing correction that was taking place," said Stan Humphries, Zillow chief economist. "Home value trends in the fourth quarter remained grim, but the good news is that these declines, while painful in the short-term, mean we’re getting closer to the bottom."