Is Summit Argo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Summit Argo has remained a Seller's Market.
Housing Prices in Summit Argo, IL
How much do homes in Summit Argo, IL cost?
Median Sold Price
$290,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Summit Argo was $290,000 in June 2024, up 10.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | - | N/A |
2 Bedrooms | $157.5K | $235K | +49.2% |
3 Bedrooms | $260K | $271K | +4.2% |
4 Bedrooms | $310K | $370K | +19.4% |
5+ Bedrooms | $322.5K | $340K | +5.4% |
Summary: Summit Argo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Summit Argo, IL
How many homes are available in Summit Argo, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Summit Argo real estate market had 18 homes for sale in June 2024, a 20.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Summit Argo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Summit Argo in June 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Summit Argo, IL
How long does it take to sell a home in Summit Argo, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
62 Days | 13 Days | -77.9% |
Summary: Homes in Summit Argo had an average of 13 days on market in Jun 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Summit Argo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.