Summerland Key Home Prices & Values

$494,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.7% 1-year change
  • No data 1-year forecast

The median home value in Summerland Key is $494,500. Summerland Key home values have gone up 7.7% over the past year. The median list price per square foot in Summerland Key is $407, which is higher than the Key West Metro average of $387. The median price of homes currently listed in Summerland Key is $575,000 while the median price of homes that sold is $441,500.

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 17.2%, 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 Summerland Key homeowners underwater on their mortgage is 13.4%.

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Relative ZHVI
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Summerland Key Market Overview

Data through Jul 31, 2014
  • $494,500 ZHVI
  • No data 1-yr forecast
  • $575,000 Median listing price
  • $441,500 Median sale price (Jun 30, 2014)
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Summerland Key Market Health

Data through Jul 31, 2014
  • 2.5/10 Less healthy What's This?  
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    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
  • 13.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 17.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Key West $504,200 Big Coppitt Key $415,100 Key Colony Beach $413,100
Ramrod Key $412,600 Marathon $372,000 Big Pine Key $345,700
Stock Island $303,400 Homestead $116,500  

Listings & Sales

Data through Jul 31, 2014
  • $407 Median list price / sq ft
  • $291 Median sale price / sq ft (Jun 30, 2014)
  • 25.8% Listings with price cut
19.6%
Sold below listing
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Summerland Key Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,842 Key West Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • $2.78 Rent list price / sq ft
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