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Featured local agent — Summit, MS
Sarah Mitchell
Compass Real Estate · Summit, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Summit, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$254,500median sale price
How is the Summit, MS housing market right now?
The median home sale price in Summit, MS is $254,500. Homes sell in an average of 48 days with 7 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Summit a buyer's or seller's market?
Summit, MS is currently a balanced market, based on 3.5 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
48
Average pace
Active listings
7
3.5 months supply
Sale-to-list
96.5%
Below asking
What does the Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $254,500 |
| Median list price | $129,950 |
| Average days on market | 48 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $116/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 28.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Summit by property type?
How the Summit, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $254,500 | $116/sq ft | 2 | 48 days |
Source: Redfin · Updated monthly
The Summit housing market is currently classified as a balanced market with a median sale price of $254,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 48 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Summit
There are currently 7 homes listed for sale in Summit, Mississippi. The median listing price is $130K.
Active listings
7
Homes on market
Median list price
$130K
Avg. days on market
48
Days until sale
New this week
1
Newly listed
Who lives in Summit?
Population
2,684
Median income
$33,983/yr
Median age
28.1 years
Owner-occupied
53.9%
College grads
20.6%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Summit?
Zillow home value
$155,086
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Summit?
Summit is a community of approximately 3K residents with a median age of 28.1 years.The median household income is $33,983, which represents a working-class community with solid middle-income opportunities. 20.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Summit offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Summit?
6 schools tracked · 2,512 students
The largest public schools serving Summit, MS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORTH PIKE ELEMENTARY SCHOOL
Grades K-4 · 801 students
NORTH PIKE SENIOR HIGH SCHOOL
Grades 9-12 · 671 students
NORTH PIKE UPPER ELEMENTARY SCHOOL
Grades 5-6 · 378 students
NORTH PIKE JUNIOR HIGH SCHOOL
Grades 7-8 · 346 students
SUMMIT ELEMENTARY SCHOOL
Grades 1-6 · 316 students
NORTH PIKE CAREER & TECHNICAL CENTE
Grades 9-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Summit, MS?
Want a head-to-head view? Compare Summit side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $254,500, down 0.0% from last year.
How long do homes stay on market in Summit?
Homes typically spend 48 days on market before going under contract.
What is the median income in Summit?
The median household income is $33,983 per year.
Is Summit a buyer's or seller's market?
With 3.5 months of supply, Summit is currently a balanced market.
What is the Zillow home value estimate for Summit?
The Zillow Home Value Index (ZHVI) for Summit is $155,086, representing the typical home value in the area.
How much does a single-family home cost in Summit?
The median single-family home price in Summit, MS is $254,500 (about $116 per square foot).
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