Summit, IL
Housing market overview · Updated weekly
$313,000median sale price
Homes sold
2
Last 12 weeks
Days on market
110
Average pace
Active listings
18
9.0 months supply
Sale-to-list
100.0%
Above asking
The Summit housing market is currently classified as a buyer's market with a median sale price of $313,000. Prices have fallen 0.6% compared to last year, with homes spending an average of 110 days on market, indicating 9.0 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 Summit
There are currently 18 homes listed for sale in Summit, Illinois. The median listing price is $267K.
Active listings
18
Homes on market
Median list price
$267K
Avg. days on market
110
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $313,000, down 0.6% from last year.
How long do homes stay on market in Summit?
Homes typically spend 110 days on market before going under contract.
Is Summit a buyer's or seller's market?
With 9.0 months of supply, Summit is currently a buyer's market.
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