The Summit Lake housing market is somewhat competitive. The median sale price of a home in Summit Lake was $65K last month, up 35.4% since last year. The median sale price per square foot in Summit Lake is $38, down 50.3% since last year.
What is the housing market like in Summit Lake today?
In March 2024, Summit Lake home prices were up 35.4% compared to last year, selling for a median price of $65K. On average, homes in Summit Lake sell after 37 days on the market compared to 34 days last year. There were 7 homes sold in March this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$65,000
+35.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Summit Lake, OH
$65,000
+35.4%
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.
How hot is the Summit Lake housing market?
Summit Lake is somewhat competitive. Homes sell in 26 days.
0
100
47
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 9% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% below list price and go pending in around 9 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.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Summit Lake has a minor risk of flooding. 56 properties in Summit Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 8% 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.