All Home Types
Summit, IL Housing Market
What is the housing market like in Summit today?
In October 2024, Summit home prices were up 2.5% compared to last year, selling for a median price of $310K. On average, homes in Summit sell after 62 days on the market compared to 40 days last year. There were 1 homes sold in October this year, down from 8 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$310,000
+2.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Summit, IL
$310,000
+2.5%
United States
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Summit Migration & Relocation Trends
In Sep '24 - Nov '24, 14% of Summit homebuyers searched to move out of Summit, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Summit from outside metros.
- New York homebuyers searched to move into Summit more than any other metro followed by Peoria and St. Louis.
Where are people moving to Summit from?
- 86% of Summit homebuyers searched to stay within the Summit metropolitan area.
- Cape Coral was the most popular destination among Summit homebuyers followed by Milwaukee and South Bend.
Where are people from Summit moving to?
Number of People Moving to Summit
least
most
People are moving to Summit from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,027 | ||
| 2 | 1,058 | ||
| 3 | 865 | ||
| 4 | 636 | ||
| 5 | 626 | ||
| 6 | 501 | ||
| 7 | 397 | ||
| 8 | 334 | ||
| 9 | 196 | ||
| 10 | 192 | ||
People are leaving Summit for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 1,343 | ||
| 2 | 1,227 | ||
| 3 | 1,217 | ||
| 4 | 973 | ||
| 5 | 834 | ||
| 6 | 664 | ||
| 7 | 608 | ||
| 8 | 603 | ||
| 9 | 599 | ||
| 10 | 593 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Summit.
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