All Home Types
Lake Summerset, IL Housing Market
What is the housing market like in Lake Summerset today?
In February 2025, Lake Summerset home prices were up 25.1% compared to last year, selling for a median price of $272K. On average, homes in Lake Summerset sell after 4 days on the market compared to 6 days last year. There were 5 homes sold in February this year, up from 3 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$272,000
+25.1% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Lake Summerset, IL
$272,000
+25.1%
United States
Lake Summerset Migration & Relocation Trends
In Dec '24 - Feb '25, 77% of Lake Summerset homebuyers searched to move out of Lake Summerset, while 23% looked to stay within the metropolitan area.
- Across the nation, 0.21% of homebuyers searched to move into Lake Summerset from outside metros.
- Milwaukee homebuyers searched to move into Lake Summerset more than any other metro followed by South Bend and Madison.
Where are people moving to Lake Summerset from?
- 23% of Lake Summerset homebuyers searched to stay within the Lake Summerset metropolitan area.
- Chicago was the most popular destination among Lake Summerset homebuyers followed by Cape Coral and Sarasota.
Where are people from Lake Summerset moving to?
Number of People Moving to Lake Summerset
least
most
People are moving to Lake Summerset from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 42 | ||
| 2 | 38 | ||
| 3 | 20 | ||
| 4 | 17 | ||
| 5 | 14 | ||
| 6 | 13 | ||
| 7 | 11 | ||
| 8 | 9 | ||
| 9 | 8 | ||
| 10 | 7 | ||
People are leaving Lake Summerset for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 340 | ||
| 2 | 28 | ||
| 3 | 27 | ||
| 4 | 24 | ||
| 5 | 11 | ||
| 6 | 11 | ||
| 7 | 8 | ||
| 8 | 8 | ||
| 9 | 7 | ||
| 10 | 6 | ||
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 Lake Summerset.
Provided by First Street Foundation
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