Summit, Illinois, Real Estate

Summit currently has 23 single family homes with an average list price of $187,786, 7 condos/townhomes with an average list price of $146,556, and 9 multi-unit homes with an average list price of $209,133. The average annual property tax for Summit is $4,715.

Current Homes for Sale

New Construction Homes for Sale in Summit New
Construction 0 no homes
Adult Community Homes for Sale in Summit Adult
Communities 0 no homes

Schools

School District Grade Level Grades
Otis P Graves Elementary School 104 Elementary P-4
Walsh Elementary School 104 Elementary P-4
Heritage Middle School 104 Middle 6-8
Argo Community High School 217 High 9-12

What's Hot & What Not

absorption_rate

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Summit, i.e. what's hot and what's not.

See What's Hot & What's Not in Summit

Subdivisions

Subdivisions Median Price
No Photos Argo
 $110,000
No Photos North Summit

Metra Stations

Station Line Address
Summit Heritage Corridor (HC) Center St. & Hanover Ave. View commute

Recent Sales

Date Address Beds Baths Sq. Ft. Year Subdivision Sold
5401 S. 72nd Ct., Summit, IL 60501 Oct 15, 2018 5401 S. 72nd Ct. 5 3 — 2 1955 $215,000
7653 W. 62nd Pl., Summit, IL 60501 Oct 12, 2018 7653 W. 62nd Pl. 4 2 — 2 1914 $77,900
7509 W. 64th St., Summit, IL 60501 Oct 5, 2018 7509 W. 64th St. 5 2 — 2 1963 $110,000
5434 S. 73rd Ave., Summit, IL 60501 Sep 28, 2018 5434 S. 73rd Ave. 2 + 1* 2 1,632 ft2 2 1948 $196,500
7622 W. 63rd Pl., Summit, IL 60501 Sep 28, 2018 7622 W. 63rd Pl. 3 2.1 1,775 ft2 2 2016 $156,000
7235 Park Ave., Summit, IL 60501 Sep 20, 2018 7235 Park Ave. 5 — — 2 1962 $224,000
5306 S. 72nd Ct., Summit, IL 60501 Sep 17, 2018 5306 S. 72nd Ct. 5 — — 0 1962 $234,900
7512 W. 59th St., Summit, IL 60501 Sep 11, 2018 7512 W. 59th St. 3 2 1,224 ft2 0 1965 $163,000
5517 S. 73rd Ave., Summit, IL 60501 Sep 10, 2018 5517 S. 73rd Ave. 3 2 1,000 ft2 1 1948 $134,000
5308 S. Hunt Ave., Summit, IL 60501 Aug 30, 2018 5308 S. Hunt Ave. 3 2 1,032 ft2 2 1968 $224,900
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Market Trends

Summit home sales for the month of September stayed the same in volume when compared to last year, while the median sale price stayed the same. The number of Single Family homes sales stayed the same, while the median sale price stayed the same. Condo/townhome sales stayed the same, while the median sale price stayed the same.

56
50
47
57
2014 2015 2016 2017
# of sales per year
$109,950
$110,450
$137,750
$156,000
2014 2015 2016 2017
median sale price per year

Median Sale Price for

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Number of Sales for

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Real Estate Sales for September in

September Year to Date (Jan 1 - October 22)
2017 2018 % Change 2017 2018 % Change
Homes Sold 0 4 - 29 45 +55.2%
(Single Family) 0 3 - 25 37 +48%
(Condos/Townhomes) 0 1 - 4 8 +100%
Median Sale Price $0 $159,500 - $156,000 $160,000 +2.6%
(Single Family) $0 $163,000 - $157,000 $169,900 +8.2%
(Condos/Townhomes) $0 $156,000 - $140,500 $156,000 +11%
Days on Market 0 35 - 21 27 +28.6%
(Single Family) 0 27 - 21 15 -28.6%
(Condos/Townhomes) 0 285 - 114 236 +107.9%

Nearby Parks

Park Amenities
No Photos Hanover Park
West Hanover Street and South Hunt Avenue 		Basketball Courts Playground
No Photos Summit Park
Bulldog Drive and South Archer Road 		Baseball Diamonds Basketball Courts Biking Paths Hiking Paths Playground Soccer Fields Softball Fields Tennis Courts Volleyball Courts
Show all 2 parks