Lake Summerset, IL Housing Market
The Lake Summerset housing market is somewhat competitive. The median sale price of a home in Lake Summerset was $263K last month, up 22.1% since last year. The median sale price per square foot in Lake Summerset is $125, up 11.1% since last year.
Lake Summerset Housing Market Trends
In January 2025, Lake Summerset home prices were up 22.1% compared to last year, selling for a median price of $263K. On average, homes in Lake Summerset sell after 41 days on the market compared to 102 days last year. There were 5 homes sold in January this year, up from 5 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lake Summerset housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 34 days.
- Hot homescan sell for around list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% below list price and go pending in around 18 days.
- Hot homescan sell for about 1% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 37 days.
- Hot homescan sell for around list price and go pending in around 7 days.
Lake Summerset Migration & Relocation Trends
- 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.
- 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.
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 |
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 |
View houses in Lake Summerset that sold recently
Recently sold homes
- $211,000 Last Sold Price2 beds2 baths1,571 sq ft1092 Winborne St, Davis, IL 61019List Price$219,000Sale to List4% under listDays on Market36 days1092 Winborne St, Davis, IL 61019
- $3,500 Last Sold Price—beds—baths—sq ft365 Corkhill Ct, Lake Summerset, IL 61019List Price$3,500Sale to List0% over listDays on Market0 days365 Corkhill Ct, Lake Summerset, IL 61019
- $380,000 Last Sold Price5 beds3.5 baths3,238 sq ft364 Corkhill Ct, Lake Summerset, IL 61019List Price$399,000Sale to List5% under listDays on Market63 days364 Corkhill Ct, Lake Summerset, IL 61019
- $4,700 Last Sold Price—beds—baths—sq ft1473 Chadbourne Dr, Lake Summerset, IL 61019List Price$4,900Sale to List4% under listDays on Market24 days1473 Chadbourne Dr, Lake Summerset, IL 61019
- $272,000 Last Sold Price3 beds2.5 baths1,807 sq ft484 Orleans Dr, Lake Summerset, IL 61019List Price$272,000Sale to List0% over listDays on Market38 days484 Orleans Dr, Lake Summerset, IL 61019
- $250,000 Last Sold Price3 beds2 baths2,464 sq ft372 Orleans Dr, Lake Summerset, IL 61019List Price$249,900Sale to List0% over listDays on Market47 days372 Orleans Dr, Lake Summerset, IL 61019
- $1,800 Last Sold Price—beds—baths—sq ft419 Lockwood Rd, Lake Summerset, IL 61019List Price$2,000Sale to List10% under listDays on Market731 days419 Lockwood Rd, Lake Summerset, IL 61019
- $299,250 Last Sold Price3 beds3 baths2,812 sq ft137 Lake Summerset Rd, Davis, IL 61019List Price$299,000Sale to List0% over listDays on Market49 days137 Lake Summerset Rd, Davis, IL 61019
See all recently sold homes in Lake Summerset.
See listings
Schools in Lake Summerset
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Lake Summerset housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Summerset.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

More real estate resources for Lake Summerset
New Listings in Lake Summerset
Nearby City Housing Markets
Zip Code Housing Markets
Nearby City Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2025 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.