Is Summit, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Summit has remained a Seller's Market.
Housing Prices in Summit, WI
How much do homes in Summit, WI cost?
Median Sold Price
$675,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summit was $675,000 in May 2024, up 8.9% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $425K | $525K | +23.5% |
3 Bedrooms | $587.4K | $650K | +10.6% |
4 Bedrooms | $734K | $699.5K | -4.7% |
5+ Bedrooms | $967K | $1.6M | +65.5% |
Summary: Summit housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 65.5%.
Median Sold Price Compared To Nearby Cities
Delafield | $547K | $603K | +10.2% |
Oconomowoc | $480K | $525K | +9.4% |
Summit | $620K | $675K | +8.9% |
Housing Supply in Summit, WI
How many homes are available in Summit, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Summary: The Summit real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Summit housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Summit in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Summit, WI
We’re sorry, we don't have information for this market at the moment