REAL ESTATE MARKET

summit, ILLINOIS

November 2019

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SUMMIT REAL ESTATE

IS A BUYER'S MARKET

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HOW MANY MONTHS WILL IT TAKE TO SELL ALL HOMES?
  • 10.24months
    To Sell All Homes Presently For Sale
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HOW MUCH DID summit BUYER PAY?

Buyers payed

Under asking price

2

Buyers payed

At asking price

0

Buyers payed

Over asking price

3

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WHY DOES summit HAVE A BUYER'S MARKET?

November 2019

35

  • Active Homes For Sale

Last 12 Months

41

  • Homes Sold
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HOW summit market trend from last Year?

Active Homes For Sale

  • October 2018

    26

  • October 2019

    35

Homes Sold

  • October 2018

    6

  • October 2019

    5
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WHAT TYPES OF HOMES ARE SELLING?

SINGLE FAMILY HOMES

Sold 5

CONDOS

Sold N/A
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HOW LONG DOES IT TAKE TO SELL IN summit?

summit Single Family Homes

Sell Faster In October Vs September

  • September 2019

    66 days

  • October 2019

    27 days

summit Condo, duplex & town-homes

  • September 2019

    Nothing
    Sold

  • October 2019

    Nothing
    Sold
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HOW ARE PRICES TRENDING IN summit?

Avarage list price increase

Good for seller

  • September

    $196K

  • October

    $200K

Median sold price increase

Good for seller

  • September

    $110K

  • October

    $131K
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WHAT CAN I BUY IN summit ON MY BUDGET ?
LOW PRICE RANGE
MID PRICE RANGE
HIGH PRICE RANGE
$52K-$91K
Bedrooms
3
Bathrooms
1
Home size
800Sq. Ft.
$91K-$160K
Bedrooms
3
Bathrooms
1.6
Home size
1057Sq. Ft.
$160K-$190K
Bedrooms
3
Bathrooms
1.5
Home size
1092Sq. 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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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
sugar island (2 for sale) View Homes For Sale
argo (2 for sale) View Homes For Sale

New For Sale in Summit

Date Address Beds Baths Sq.Ft. Price
Aug 25, 2019 6028 archer 2 1 794 ft2 $80K
Oct 28, 2019 5522 72nd 3 1 1,450 ft2 $189K
Aug 15, 2019 1506 sugar island 1 1 800 ft2 $724K
7511 64th, Summit, IL 60501 Jul 08, 2019 7511 64th 5 2 0 ft2 $53K
Sep 09, 2019 7329 58th 3 2 1,123 ft2 $150K
Sep 01, 2019 7428 62nd 4 2 1,514 ft2 $226K
Oct 11, 2019 7407 62nd 5 2 2,180 ft2 $160K
None None, Summit, IL 60501 Mar 25, 2019 none none 3 2 0 ft2 $175K
Aug 14, 2019 6055 75th 3 2 800 ft2 $225K