Summit, IL housing market
The typical Summit home is worth about $282,000, up 2.9% in a year, 5% below the Illinois typical home. Homes typically sell in 157 days, close to asking.
Home values, sales, trends and how Summit compares with the towns next door — updated as new data is published.
Summit at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Summit | Illinois |
|---|---|---|
| 2017 | $143,000 | $181,000 |
| 2018 | $160,000 | $190,000 |
| 2019 | $172,000 | $195,000 |
| 2020 | $177,000 | $200,000 |
| 2021 | $192,000 | $215,000 |
| 2022 | $219,000 | $236,000 |
| 2023 | $232,000 | $248,000 |
| 2024 | $248,000 | $263,000 |
| 2025 | $265,000 | $278,000 |
| 2026 | $273,000 | $290,000 |
| August 2026 | $282,000 | $298,000 |
Summit and its neighbors
4.6 years of income
The typical Summit home costs about 4.6 years of the town's median household income, more than across Illinois (3.6 years).
How Summit ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Summit
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.