Housing in Lake Summerset, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$267,500
Median List Price
$356,400
Price Per Sq Ft
$103
Days on Market
175
Active Inventory
11
Months of Supply
5.5
Balanced market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
2
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$103
Median List $/SF
$222
Lake Summerset vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake Summerset is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$226,700
Median Rent
$1,206
Total Housing Units
1,078
Vacancy Rate
18.9%
Owner Occupied
87.8%
Renter Occupied
12.2%
Median Property Tax
$5,013
per year
Monthly Cost (w/ Mortgage)
$1,192
Housing Types
The current median sale price in Lake Summerset, IL is $267,500 according to Redfin data. Homes spend a median of 175 days on the market. 0.0% of homes sold above asking price. The market has 5.5 months of supply. The median price per square foot is $103. The median rent is $1,206 per month (Census ACS). About 87.8% of housing units are owner-occupied. The median year homes were built is 1990. There are 1,078 total housing units.