REAL ESTATE MARKET

SUMMIT, ILLINOIS

July 2021

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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?
  • 3.77months
    To Sell All Homes Presently For Sale
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HOW MUCH DID summit BUYER PAY?

Buyers payed

Under asking price

3

Buyers payed

At asking price

0

Buyers payed

Over asking price

2

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

July 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

  • June 2020

    50

  • June 2021

    27

Homes Sold

  • June 2020

    7

  • June 2021

    5
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WHAT TYPES OF HOMES ARE SELLING?

SINGLE FAMILY HOMES

Sold 3

CONDOS

Sold 1
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HOW LONG DOES IT TAKE TO SELL IN summit?

summit Single Family Homes

Sell Slower In June Vs May

  • May 2021

    6 days

  • June 2021

    12 days

summit Condo, duplex & town-homes

Sell Faster In June Vs May

  • May 2021

    7 days

  • June 2021

    1 days
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HOW ARE PRICES TRENDING IN summit?

Avarage list price decrease

Buyers bargain harder

  • May

    $285K

  • June

    $283K

Median sold price increase

Good for seller

  • May

    $236K

  • June

    $245K
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WHAT CAN I BUY IN summit ON MY BUDGET ?
LOW PRICE RANGE
MID PRICE RANGE
HIGH PRICE RANGE
$171K-$208K
Bedrooms
3
Bathrooms
2
Home size
1400Sq. Ft.
$208K-$290K
Bedrooms
3
Bathrooms
2
Home size
1393Sq. Ft.
$290K-$335K
Bedrooms
5
Bathrooms
4
Home size
1877Sq. 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 (3 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
7429 62nd, Summit, IL 60501 Jun 16, 2021 7429 62nd 3 2 1,276 ft2 $235K
Jul 14, 2021 7539 58th 4 2 0 ft2 $275K
7210 57th, Summit, IL 60501 May 20, 2021 7210 57th 4 3 2,757 ft2 $460K
Jul 08, 2021 7531 62 4 3 1,900 ft2 $280K
5720 Harlem, Summit, IL 60501 Jun 21, 2021 5720 harlem 5 3 2,757 ft2 $290K
7638 61st, Summit, IL 60501 Jul 06, 2021 7638 61st 6 3 0 ft2 $295K
Apr 30, 2021 7438 64th 0 ft2 $17K
Apr 30, 2021 7426 64th 0 ft2 $17K