Home Values

Summerdale 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

$136,900

  • 12.9% 1-year change
  • None 1-year forecast

The median home value in Summerdale is $136,900. Summerdale home values have gone up 12.9% over the past year. The median price of homes currently listed in Summerdale is $193,235.

Foreclosures will be a factor impacting home values in the next several years. In Summerdale 4.4 homes are foreclosed (per 10,000). This is greater 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 Summerdale is 8.9%, 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 Summerdale homeowners underwater on their mortgage is 11.2%.

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Relative ZHVI
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Summerdale Market Overview

Data through Aug 31, 2014
  • $136,900 ZHVI
  • No data 1-yr forecast
  • $193,235 Median listing price
  • No data Median sale price
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Summerdale Market Health

Data through Aug 31, 2014
  • 7.0/10 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
  • 11.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.4 homes Summerdale
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Orange Beach $313,200
Fairhope $226,600
Gulf Shores $211,600
Name Median ZHVI
Elberta $186,400
Daphne $157,000
Silverhill $151,500
Name Median ZHVI
Loxley $149,600
Foley $138,800
Robertsdale $127,000

Listings & Sales

Data through Aug 31, 2014
  • $99 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 27.0% Listings with price cut
9.1%
Sold below listing
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Summerdale Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,104 Summerdale
    $1,293 Daphne Metro
    $1,328 United States

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

  • 1.9 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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