Summit currently has 14 single family homes with an average list price of $195,000, 7 condos/townhomes with an average list price of $146,556, and 5 multi-unit homes with an average list price of $191,640. The average annual property tax for Summit is $4,689.
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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 |
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 SummitSubdivisions | Median Price | |
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Argo |
$110,000 |
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North Summit |
Station | Line | Address | ||
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Summit | Heritage Corridor (HC) | Center St. & Hanover Ave. | View commute |
Date | Address | Beds | Baths | Sq. Ft. | Year | Subdivision | Sold | ||
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Feb 15, 2019 | 7420 W. 58th St. | 3 | 2 | 1,200 ft2 | 2 | 1999 | $233,000 | |
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Feb 14, 2019 | 7437 W. 56th St. | 4 + 2* | 3 | 2,700 ft2 | 1 | 1909 | $255,000 | |
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Feb 11, 2019 | 6040 S. 76th Ave. | 6 | 2 | — | 2 | 1961 | $255,000 | |
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Feb 8, 2019 | 7214 W. 60th Pl. | — | — | 1,288 ft2 | 2 | $27,500 | ||
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Feb 8, 2019 | 7612 W. 61st Pl. | 3 | 2 | 1,000 ft2 | 0 | 1947 | $63,000 | |
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Feb 6, 2019 | 7616 W. 61st St. | 3 | 1 | 950 ft2 | 2 | 1924 | $120,000 | |
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Jan 22, 2019 | 7334 W. 57th St. | 3 | 2 | 1,024 ft2 | 1.5 | 1950 | $200,000 | |
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Jan 10, 2019 | 7318-20 W. 60 Pl. | 8 | 4 | — | 1 | 1919 | $200,000 | |
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Dec 28, 2018 | 7514 W. 62nd St. | 5 | — | — | 2 | 1915 | $179,000 | |
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Nov 27, 2018 | 7333 W. 61st Pl. | 3 + 2* | 3 | 1,445 ft2 | 2 | 2007 | $146,900 |
Summit home sales for the month of January decreased in volume by 66.7% when compared to last year, while the median sale price rose by 17.7% from $169,900 to $200,000. The number of Single Family homes sales decreased by 50%, while the median sale price rose by 16.3% from $171,950 to $200,000.
50
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47
|
55
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56
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2015 | 2016 | 2017 | 2018 |
# of sales per year |
$110,450
|
$137,750
|
$155,500
|
$160,000
|
2015 | 2016 | 2017 | 2018 |
median sale price per year |
January | Year to Date (Jan 1 - February 19) | |||||
---|---|---|---|---|---|---|
2018 | 2019 | % Change | 2018 | 2019 | % Change | |
Homes Sold | 3 | 1 | -66.7% | 5 | 5 | 0% |
(Single Family) | 2 | 1 | -50% | 4 | 5 | +25% |
(Condos/Townhomes) | 1 | 0 | - | 1 | 0 | - |
Median Sale Price | $169,900 | $200,000 | +17.7% | $160,000 | $200,000 | +25% |
(Single Family) | $171,950 | $200,000 | +16.3% | $164,950 | $200,000 | +21.2% |
(Condos/Townhomes) | $156,000 | $0 | - | $156,000 | $0 | - |
Days on Market | 5 | 6 | +20% | 7 | 6 | -14.3% |
(Single Family) | 35 | 6 | -82.6% | 7 | 6 | -14.3% |
(Condos/Townhomes) | 3 | 0 | - | 3 | 0 | - |
Park | Amenities | |
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Hanover Park West Hanover Street and South Hunt Avenue |
Basketball Courts Playground |
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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 |