Home Values

Cape Cod Metro 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

$371,700

  • 7.0% 1-year change
  • 2.9% 1-year forecast

Market Temperature

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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Cape Cod Metro is $371,700. Cape Cod Metro home values have gone up 7.0% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Cape Cod Metro is $276, which is higher than the Massachusetts average of $204. The median price of homes currently listed in Cape Cod Metro is $434,400 while the median price of homes that sold is $339,175.

Foreclosures will be a factor impacting home values in the next several years. In Cape Cod Metro 2.8 homes are foreclosed (per 10,000). This is lower than the Massachusetts value of 2.9 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 Cape Cod Metro is 9.8%, which is higher than the national value of 6.4%. 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 Cape Cod Metro homeowners underwater on their mortgage is 9.2%, which is lower than Massachusetts at 11.2%.

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Relative ZHVI
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Cape Cod Metro Market Overview

Data through Jan 31, 2015
  • $371,700 ZHVI
  • 2.9% 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
    (Jan 31, 2016)
  • $434,400 Median listing price
  • $339,175 Median sale price (Dec 31, 2014)
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Cape Cod Metro Market Health

Data through Jan 31, 2015
  • 8.6/10 Very 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.
    (Dec 31, 2014)
  • 76 Average days on Zillow (Dec 31, 2014)
  • 9.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes Cape Cod Metro
2.9 homes Massachusetts
4 homes United States
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Cities in Cape Cod Metro

Name Median ZHVI
Town of Orleans $587,800
Town of Falmouth $539,800
Town of Brewster $394,900
Name Median ZHVI
Town of Bourne $368,200
Harwich $357,800
Mashpee $351,500
Name Median ZHVI
East Falmouth $329,100
Town of Sandwich $323,400
South Yarmouth $258,900

Listings & Sales

Data through Jan 31, 2015
  • $276 Median list price / sq ft
  • $301 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
33.3%
Sold below listing
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Cape Cod Metro Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,982 Massachusetts
    $1,350 United States

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

  • 5.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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