REAL ESTATE MARKET

SUMMIT, ILLINOIS

February 2021

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SUMMIT REAL ESTATE

IS A BALANCED MARKET

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HOW MANY MONTHS WILL IT TAKE TO SELL ALL HOMES?
  • 8.65months
    To Sell All Homes Presently For Sale
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HOW MUCH DID summit BUYER PAY?

Buyers payed

Under asking price

4

Buyers payed

At asking price

3

Buyers payed

Over asking price

2

There are more summit buyers paying under asking price.
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WHY DOES summit HAVE A BALANCED MARKET?

February 2021

  • Active Homes For Sale

Last 12 Months

86

  • Homes Sold
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HOW summit market trend from last Year?

Active Homes For Sale

  • January 2020

    36

  • January 2021

    62

Homes Sold

  • January 2020

    1

  • January 2021

    9
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WHAT TYPES OF HOMES ARE SELLING?

SINGLE FAMILY HOMES

Sold 6

CONDOS

Sold 2
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HOW LONG DOES IT TAKE TO SELL IN summit?

summit Single Family Homes

Sell Slower In February Vs January

  • January 2021

    21 days

  • January 2021

    108 days

summit Condo, duplex & town-homes

Sell Faster In February Vs January

  • December 2020

    136 days

  • January 2021

    8 days
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HOW ARE PRICES TRENDING IN summit?

Avarage list price increase

Good for seller

  • December

    $241K

  • January

    $257K

Median sold price increase

Good for seller

  • December

    $208K

  • January

    $230K
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WHAT CAN I BUY IN summit ON MY BUDGET ?
LOW PRICE RANGE
MID PRICE RANGE
HIGH PRICE RANGE
$11K-$121K
Bedrooms
4.5
Bathrooms
1.5
Home size
0Sq. Ft.
$121K-$335K
Bedrooms
3.5
Bathrooms
2.5
Home size
1366.8Sq. Ft.
$335K-$440K
Bedrooms
1
Bathrooms
1
Home size
800Sq. Ft.
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WHAT IS FOR SALE IN summit TODAY?

Single family homes for sale

Multi family homes for sale
Condos for sale

Land for sale

Townhomes homes for sale

Mobile home for sale

Parking for sale

Below market homes and deals

Short sale homes for sale

Foreclosures for sale

Homes with waterfront

Homes with pool

Homes with golf course

New construction homes

Luxury homes

All homes for sale
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summit REAL ESTATE MEDIAN SALES PRICE BY MONTH

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summit SOLD LISTINGS

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summit ACTIVE FOR SALE LISTINGS

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summit TRANSACTION VOLUME IN US DOLLARS

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summit MONTH SUPPLY INVENTORY

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Schools in summit

School Name Grand Level For Sale
otis p graves elementary school Pre-School - 4th Grade View Homes For Sale
walsh elementary school Pre-School - 4th Grade View Homes For Sale
School Name Grand Level For Sale
dr donald wharton elementary school 5th Grade - 5th Grade View Homes For Sale
heritage middle school 6th Grade - 8th Grade View Homes For Sale
School Name Grand Level For Sale
argo community high school 9th Grade - 12th Grade View Homes For Sale

Subdivisions in summit

Subdivision
argo (4 for sale) View Homes For Sale
sugar island (1 for sale) View Homes For Sale

New For Sale in Summit

Date Address Beds Baths Sq.Ft. Price
6076 75th, Summit, IL 60501 Jan 03, 2020 6076 75th 3 1 792 ft2 $90K
7604 62nd, Summit, IL 60501 Mar 02, 2021 7604 62nd 4 2 1,668 ft2 $160K
6248 75th, Summit, IL 60501 Jan 22, 2021 6248 75th 4 2 1,714 ft2 $220K
7517 63rd, Summit, IL 60501 Feb 24, 2021 7517 63rd 5 2 0 ft2 $220K
5318 73rd, Summit, IL 60501 Feb 18, 2021 5318 73rd 5 2 0 ft2 $235K
7638 61st, Summit, IL 60501 Feb 18, 2021 7638 61st 6 3 0 ft2 $310K
Feb 18, 2021 7216 59th 8 4 0 ft2 $575K
6225 75, Summit, IL 60501 Dec 22, 2020 6225 75 4 6 3,130 ft2 $390K
Mar 02, 2021 7426 64th 0 ft2 $17K