Home Values

Summerland Key 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

$516,100

  • 8.0% 1-year change
  • None 1-year forecast

The median home value in Summerland Key is $516,100. Summerland Key home values have gone up 8.0% over the past year. The median list price per square foot in Summerland Key is $416, which is higher than the Key West Metro average of $414. The median price of homes currently listed in Summerland Key is $639,000 while the median price of homes that sold is $432,000.

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 Summerland Key is 15.1%, which is higher than the national value of 6.3%. 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 Summerland Key homeowners underwater on their mortgage is 8.8%.

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Relative ZHVI
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Summerland Key Market Overview

Data through Feb 28, 2015
  • $516,100 ZHVI
  • No data 1-yr forecast
  • $639,000 Median listing price
  • $432,000 Median sale price (Jan 31, 2015)
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Summerland Key Market Health

Data through Feb 28, 2015
  • 4.5/10 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
  • 8.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 15.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Key West $464,500
Key Colony Beach $420,000
Ramrod Key $393,400
Name Median ZHVI
Big Coppitt Key $382,100
Marathon $344,800
Big Pine Key $324,900
Name Median ZHVI
Stock Island $289,900
Homestead $108,800
 

Listings & Sales

Data through Feb 28, 2015
  • $416 Median list price / sq ft
  • $336 Median sale price / sq ft (Jan 31, 2015)
  • 13.4% Listings with price cut
27.8%
Sold below listing
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Summerland Key Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $3,243 Summerland Key
    $2,952 Key West Metro
    $1,355 United States

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

  • 1.3 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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