Is Summit Argo, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summit Argo is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Summit Argo has remained a Seller's Market.

Key Takeaway

Summit Argo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Summit Argo, IL cost?

Median Sold Price

$257,900

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$66,400(+34.7%)

Key Takeaway

Homes in Summit Argo have sold for 34.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $130K$218K
+67.7%
3 $161K$235K
+46.0%
4 $186K$270K
+45.2%
5+ $256K$290K
+13.3%

Median Sold Price Compared To Nearby Cities

Summit Argo
+34.7%
Lyons
+13.2%

How many homes are available in Summit Argo, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
34340.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 23
+50.0%
3 78
+14.3%
4 1011
+10.0%
5+ 1512
-20.0%

Number of Homes Sold

Nov 2021Dec 2021%
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summit Argo, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
53 Days35 Days-34.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Summit Argo has remained consistent over time.

About Summit Argo, IL

Homes for sale in Summit Argo, IL have reached 34. Listings spent 35 days on the market in December 2021, and had a median list price of $257,900 during the same period. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 67.7%, prices of 3 bedrooms properties went up by 46%, prices of 4 bedrooms properties went up by 45.2%, 5 bedrooms properties prices increased by 13.3%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 50%, 3 bedrooms homes inventory increased by 14.3%, volume of 4 bedrooms homes went up by 10%, 5 bedrooms homes inventory decreased by 20%. While more than 3 listings in Summit Argo, IL in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.

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