Real Estate Market Update for Summit, IL

Video: Real Estate Community Tour for Summit, IL

See Real estate community tour for Summit, IL
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 36% from one year earlier, and down 15% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 41%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold increased 50% year-over-year, and decreased 10% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for Summit, IL
School Data for Summit, IL

School Name Distance Type Grades School Rating Parent Rating
St Blase Polish Catholic School 0.4 mi Catholic PRESCHOOL-11 0 0
Dr Donald Wharton Elementary School 0.5 mi Public 5-5 0 0
Heritage Middle School 0.5 mi Public 6-8 2 1
Otis P Graves Elementary School 0.5 mi Public PRESCHOOL-4 2 0
Argo Community High School 0.6 mi Public 9-12 2 3
Walsh Elementary School 0.6 mi Public K-4 2 0
W W Walker Elementary School 0.7 mi Public K-4 2 0
St Joseph 0.8 mi Catholic PRESCHOOL-8 0 0
Peckwas Preparatory Academy 0.8 mi Private PRESCHOOL-8 0 0
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: Onboard Informatics © 2016. School Performance data by School Review data by
Local Weather for Summit, IL
    Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.