Photo: vx700 · CC BY 3.058 homes sold in Summit in the last year, at a typical $304K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Summit homes are listed.
Every place Summit homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Summit.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 60% of Summit’s sales, at a typical $262K
58 homes sold in the year to May 2026.
typical sale · 35 sold in 12 months
- Per square foot
- $194IL $180
- Days to sell
- 113
- Sold over asking
- 26%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 21 sold, typical $372K
Townhouses: 2 sold, typical $296K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 2.4 times the 2016 price
58 sales in the last year, against 97 in 2013 and a low of 45 in 2024. The typical sale went from $128K in 2016 to $304K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Summit
Check a listing against what Summit homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Summit are rarer than before the pandemic, but a third fewer homes come up for sale
We read every month of Summit’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 58 sales.
If you’re buying in Summit
- Shop in June. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (28% over asking).
- Some room to negotiate. 16% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 97.5% of the list price on average; 29% paid over.
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 85 days.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 11 a month), and the most competition: 49% close over asking. June offers nearly as much choice with fewer homes bid up (28%). June has the least competition (28%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Summit now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 35% | 44% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 26% | 49% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 16% | 25% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 97.5% | 97.9% | 99.1% | 99.2% |
| Days to sellMedian days from listing to contract | 85 | 80 | 18 | 49 |
19 homes for sale on a typical day
That’s 1.7 times the 2024 low (11), 37% fewer than in 2017–19 and well under 2012’s 53.
1 in 6 listings has cut its price
16% in the last year, against 16% in 2017–19 and 19% across Illinois.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Summit home costs about $2,183 a month
Price: Summit’s typical sale, last 12 months. Property tax at Summit’s 2.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Summit is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $304K home, about $7,160 a year.
Taxes vs. neighborsSchools
The schools grade for Summit, from test results, graduation and how much students grow.
Schools in SummitCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Riverside and Brookfield for far more
The busier markets within 25 miles of Summit, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Brookfield | 206 | $377K | $279 | 54% | 41 |
| Riverside | 110 | $510K | $285 | 44% | 50 |
| Justice | 101 | $305K | $195 | 36% | 62 |
| Lyons Township | 83 | $271K | $216 | 36% | 56 |
| Countryside | 61 | $308K | $217 | 25% | 53 |
| Summit | 58 | $304K | $198 | 29% | 85 |
| Stickney Township | 53 | $308K | $246 | 49% | 56 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Summit, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Summit. People who follow the town see it, and so do people comparing Summit with their own town. No commission, no listing fee.
Questions about buying a home in Summit
What do homes sell for in Summit, IL?
58 homes sold in the year to May 2026 at a typical $304K, $198 a square foot.
Is Summit a buyer’s or seller’s market?
A seller’s market: 18 homes were for sale in May 2026 and 8 sold, about 2.3 months of supply. Buyers paid 97.5% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Summit?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Summit?
About 2.4% of a home’s value a year. On a $304K home that’s near $7,160.
Where can I see homes for sale in Summit?
Zillow, Redfin, Realtor.com and Homes.com all carry Summit’s MLS listings; the search links above open each one filtered to Summit.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).