Brokers — List your Company Here
Featured local agent — Summit, NY
Sarah Mitchell
Compass Real Estate · Summit, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Summit, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$60,000median sale price
How is the Summit, NY housing market right now?
The median home sale price in Summit, NY is $60,000, down 86.0% year-over-year. Homes sell in an average of 208 days with 11 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 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, NY is currently a buyer's market, based on 5.5 months of supply and homes selling in about 208 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
208
Average pace
Active listings
11
5.5 months supply
Sale-to-list
84.6%
Below asking
What does the Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $60,000 |
| Median list price | $302,450 |
| Year-over-year price change | -86.0% |
| Average days on market | 208 days |
| Active inventory | 11 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 84.6% |
| Median price per sq ft | $66/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 9.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Summit by property type?
How the Summit, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $60,000 | $66/sq ft | 2 | 208 days |
Source: Redfin · Updated monthly
The Summit housing market is currently classified as a buyer's market with a median sale price of $60,000. Prices have fallen 86.0% compared to last year, with homes spending an average of 208 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Summit
There are currently 11 homes listed for sale in Summit, New York. The median listing price is $302K.
Active listings
11
Homes on market
Median list price
$302K
Avg. days on market
208
Days until sale
New this week
4
Newly listed
Which cities are near Summit, NY?
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 $60,000, down 86.0% from last year.
How long do homes stay on market in Summit?
Homes typically spend 208 days on market before going under contract.
Is Summit a buyer's or seller's market?
With 5.5 months of supply, Summit is currently a buyer's market.
How much does a single-family home cost in Summit?
The median single-family home price in Summit, NY is $60,000 (about $66 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Summit, NY
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Summit market alerts
Weekly updates on prices, inventory, and trends. Free forever.