Lake Summerset, IL
Housing market overview · Updated weekly
$218,500median sale price
Homes sold
1
Last 12 weeks
Days on market
140
Average pace
Active listings
10
10.0 months supply
Sale-to-list
97.1%
Below asking
The Lake Summerset housing market is currently classified as a buyer's market with a median sale price of $218,500. Prices have fallen 19.7% compared to last year, with homes spending an average of 140 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Lake Summerset
There are currently 10 homes listed for sale in Lake Summerset, Illinois. The median listing price is $303K.
Active listings
10
Homes on market
Median list price
$303K
Avg. days on market
140
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Lake Summerset?
The median home sale price in Lake Summerset is $218,500, down 19.7% from last year.
How long do homes stay on market in Lake Summerset?
Homes typically spend 140 days on market before going under contract.
Is Lake Summerset a buyer's or seller's market?
With 10.0 months of supply, Lake Summerset is currently a buyer's market.
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