Housing in Summit, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$355,000
Median List Price
$317,500
Price Per Sq Ft
$184
Days on Market
113
Active Inventory
13
Months of Supply
4.3
Balanced market
Zillow Home Value
$258,178
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
20.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
4
Pending Sales
5
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$184
Median List $/SF
$228
Summit vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Summit 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
$224,800
Median Rent
$1,012
Total Housing Units
3,934
Vacancy Rate
8.1%
Owner Occupied
61.6%
Renter Occupied
38.4%
Median Property Tax
$5,439
per year
Monthly Cost (w/ Mortgage)
$1,050
Housing Types
The current median sale price in Summit, IL is $355,000 according to Redfin data. Homes spend a median of 113 days on the market. 0.0% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $184. The median rent is $1,012 per month (Census ACS). About 61.6% of housing units are owner-occupied. The median year homes were built is 1958. There are 3,934 total housing units.