The Summit Lake housing market is somewhat competitive. The median sale price of a home in Summit Lake was $64K last month, down 17.9% since last year. The median sale price per square foot in Summit Lake is $36, down 2.7% since last year.
What is the housing market like in Summit Lake today?
In January 2025, Summit Lake home prices were down 17.9% compared to last year, selling for a median price of $64K. On average, homes in Summit Lake sell after 60 days on the market compared to 41 days last year. There were 9 homes sold in January this year, down from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$64,000
-17.9% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Summit Lake, OH
$64,000
-17.9%
United States
To compare other locations to the Summit Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Akron add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Summit Lake
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Summit Lake housing market?
Summit Lake is somewhat competitive. Homes sell in 42.5 days.
0
100
53
Somewhat Competitive
Redfin Compete Score™
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 43 days.
Hot homes
can sell for about 1% above list price and go pending in around 17 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Summit Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Summit Lake.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Summit Lake has a minor risk of flooding. 54 properties in Summit Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Summit Lake. Flood risk is increasing faster than the national average.
Summit Lake has minimal risk of severe winds over the next 30 years
Wind Factor
Summit Lake has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.