Summit, IL—60501
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$262,000
2.9% YoY Growth
Household Income
$62,100
27.3% YoY Growth
Days on Market
51
37.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,550
2.3% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,450
0.7% YoY Growth
3-Bed Rent
$2,250
11.7% YoY Growth
Home Price Trends — Summit, IL
As of Dec '25, the median home price in Summit, IL is $262,000, with a year-over-year change of 2.9%. This indicates that home prices in Summit, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 2.9% |
| Single Family | $263,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |