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Featured local agent — Summit, WA
Sarah Mitchell
Compass Real Estate · Summit, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Summit, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$510,000median sale price
How is the Summit, WA housing market right now?
The median home sale price in Summit, WA is $510,000. Homes sell in an average of 48 days with 33 active listings. The market is currently a seller'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, WA is currently a seller's market, based on 3.7 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
48
Average pace
Active listings
33
3.7 months supply
Sale-to-list
103.4%
Above asking
What does the Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $670,000 |
| Average days on market | 48 days |
| Active inventory | 33 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 103.4% |
| Median price per sq ft | $308/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 12 |
| Listings with a price cut | 39.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Summit by property type?
How the Summit, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $510,000 | $308/sq ft | 9 | 48 days |
| Condo / Co-op | $305,000 | $339/sq ft | 1 | 140 days |
| Townhouse | $320,000 | $294/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Summit housing market is currently classified as a seller's market with a median sale price of $510,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 48 days on market, indicating 3.7 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 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Summit
There are currently 33 homes listed for sale in Summit, Washington. The median listing price is $670K.
Active listings
33
Homes on market
Median list price
$670K
Avg. days on market
48
Days until sale
New this week
12
Newly listed
Who lives in Summit?
Population
8,885
Median income
$107,977/yr
Median age
42.7 years
Owner-occupied
78.9%
College grads
21.1%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Summit?
Zillow home value
$594,626
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Summit?
Summit is a community of approximately 9K residents with a median age of 42.7 years.The median household income is $107,977, which reflects a relatively affluent area with strong earning potential. 21.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.7 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 cities are near Summit, WA?
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 $510,000, 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 $107,977 per year.
Is Summit a buyer's or seller's market?
With 3.7 months of supply, Summit is currently a seller's market.
What is the Zillow home value estimate for Summit?
The Zillow Home Value Index (ZHVI) for Summit is $594,626, representing the typical home value in the area.
What is the median condo price in Summit?
The median condo/co-op sale price in Summit, WA is $305,000, compared to $510,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Summit?
The median single-family home price in Summit, WA is $510,000 (about $308 per square foot).
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