Home Values

Suitland-Silver Hill 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

$172,300

  • 9.9% 1-year change
  • 2.1% 1-year forecast

The median home value in Suitland-Silver Hill is $172,300. Suitland-Silver Hill home values have gone up 9.9% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Suitland-Silver Hill is $119, which is lower than the Washington Metro average of $203. The median price of homes currently listed in Suitland-Silver Hill is $135,000 while the median price of homes that sold is $207,500.

Foreclosures will be a factor impacting home values in the next several years. In Suitland-Silver Hill 18.7 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 4.7 and also greater than the national value of 4.2

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 Suitland-Silver Hill is 11.4%, 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 Suitland-Silver Hill homeowners underwater on their mortgage is 47.6%, which is higher than Washington Metro at 18.4%.

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Relative ZHVI
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Suitland-Silver Hill Market Overview

Data through Nov 30, 2014
  • $172,300 ZHVI
  • 2.1% 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
    (Nov 30, 2015)
  • $135,000 Median listing price
  • $207,500 Median sale price (Sep 30, 2014)
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Suitland-Silver Hill Market Health

Data through Nov 30, 2014
  • 0.3/10 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
  • 47.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

18.7 homes Suitland-Silver Hill
4.7 homes Washington Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Temple Hills $214,900
Forest Heights $195,200
Carmody Hills-Pepper Mill Village $191,700
Name Median ZHVI
Walker Mill $191,000
District Heights $189,200
Coral Hills $171,800
Name Median ZHVI
Fairmount Heights $171,400
Capitol Heights $169,100
Seat Pleasant $163,700

Listings & Sales

Data through Nov 30, 2014
  • $119 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
24.0%
Sold below listing
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Suitland-Silver Hill Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,682 Suitland-Silver Hill
    $2,108 Washington Metro
    $1,342 United States

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

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.38 Rent list price / sq ft
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