REAL ESTATE MARKET

SUMMIT, ILLINOIS

January 2022

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SUMMIT REAL ESTATE

IS A SELLER'S MARKET

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HOW MANY MONTHS WILL IT TAKE TO SELL ALL HOMES?
  • 3.74months
    To Sell All Homes Presently For Sale
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HOW MUCH DID summit BUYER PAY?

Buyers payed

Under asking price

1

Buyers payed

At asking price

1

Buyers payed

Over asking price

3

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

January 2022

  • Active Homes For Sale

Last 12 Months

77

  • Homes Sold
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HOW summit market trend from last Year?

Active Homes For Sale

  • December 2020

    55

  • December 2021

    24

Homes Sold

  • December 2020

    7

  • December 2021

    5
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WHAT TYPES OF HOMES ARE SELLING?

SINGLE FAMILY HOMES

Sold 3

CONDOS

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

summit Single Family Homes

Sell Slower In December Vs November

  • November 2021

    6 days

  • December 2021

    36 days

summit Condo, duplex & town-homes

  • November 2021

    Nothing
    Sold

  • December 2021

    Nothing
    Sold
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HOW ARE PRICES TRENDING IN summit?

Avarage list price increase

Good for seller

  • November

    $307K

  • December

    $314K

Median sold price decrease

Buyers bargain harder

  • November

    $288K

  • December

    $263K
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WHAT CAN I BUY IN summit ON MY BUDGET ?
LOW PRICE RANGE
MID PRICE RANGE
HIGH PRICE RANGE
$180K-$221K
Bedrooms
2.7
Bathrooms
2
Home size
1872Sq. Ft.
$221K-$316K
Bedrooms
0
Bathrooms
0
Home size
0Sq. Ft.
$316K-$370K
Bedrooms
7.5
Bathrooms
4.5
Home size
0Sq. 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 (1 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
Jan 03, 2022 7510 59th 2 1 1,213 ft2 $150K
Jan 20, 2022 5343 73rd 3 1 1,059 ft2 $259K
Jan 12, 2022 7517 douglas 2 2 1,250 ft2 $260K
Nov 22, 2021 7430 58th 4 2 1,382 ft2 $340K
Jan 09, 2022 6134 75th 3 3 1,080 ft2 $205K
Jan 11, 2022 6156 76th 3 3 0 ft2 $250K
Dec 15, 2021 7335 61st 3 3 0 ft2 $325K
Dec 14, 2021 5436 73rd 5 3 2,400 ft2 $480K