Real Estate Market Update for Summit, IL
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 2% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold decreased 44% year-over-year, and decreased 29% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Summit, IL
School Data for Summit, IL

School Name Distance Type Grades GreatSchools Rating Parent Rating
St Blase Polish Catholic School 0.4 mi Catholic PRESCHOOL-12 0 0
Dr Donald Wharton Elementary School 0.5 mi Public 5-5 2-5 0
Otis P Graves Elementary School 0.5 mi Public PRESCHOOL-4 2 3
Heritage Middle School 0.5 mi Public 6-8 2-5 3
Argo Community High School 0.7 mi Public 9-12 2 4
Walsh Elementary School 0.7 mi Public K-4 2 3
W W Walker Elementary School 0.7 mi Public K-4 3 5
St. Joseph 0.8 mi Catholic PRESCHOOL-8 0 5
Henryk Sienkiewicz 0.8 mi Catholic PRESCHOOL-11 0 0
Peckwas Preparatory Academy 0.8 mi Private PRESCHOOL-8 0 4
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
Local Weather for Summit, IL
    Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.