Summit, NY Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Summit, NY is $150,000. Homes sell in an average of 157 days with 7 active listings. The market is currently a buyer's market.
$150,000median sale price
Homes sold
1
Last 12 weeks
Days on market
157
Average pace
Active listings
7
7.0 months supply
Sale-to-list
81.1%
Below asking
Summit, NY market data
| Metric | Value |
|---|---|
| Median sale price | $150,000 |
| Average days on market | 157 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 81.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Summit housing market is currently classified as a buyer's market with a median sale price of $150,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 157 days on market, indicating 7.0 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 7 homes listed for sale in Summit, New York.
Active listings
7
Homes on market
Avg. days on market
157
Days until sale
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Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $150,000, down 0.0% from last year.
How long do homes stay on market in Summit?
Homes typically spend 157 days on market before going under contract.
Is Summit a buyer's or seller's market?
With 7.0 months of supply, Summit is currently a buyer's market.
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