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.

7331 W 60th Pl, Summit, IL 60501

7331 W 60th Pl, Summit, IL 60501

$299,900~$1,150/mo.*
6 Beds • 3 Baths
Pablo Galarza#11306394Listing Office:
RE/MAX 10MLS logo
7500 W 64th St, Summit, IL 60501

7500 W 64th St, Summit, IL 60501

$264,873~$1,000/mo.*
5 Beds • 2 Baths
Thomas Domasik#11304904Listing Office:
RE/MAX 10 in the ParkMLS logo
5343 S 73rd Ave, Summit, IL 60501

5343 S 73rd Ave, Summit, IL 60501

$259,000~$950/mo.*
3 Beds • 1 Bath1,059 SqFt
Agustin Minor#11302606Listing Office:
eXp Realty, LLCMLS logo
7517 63rd Pl, Summit, IL 60501

7517 63rd Pl, Summit, IL 60501

$235,000~$900/mo.*
5 Beds • 2 Baths
Roderick Ratchford#11302569Listing Office:
Real People Realty IncMLS logo
6134 S 75th Ave, Summit, IL 60501

6134 S 75th Ave, Summit, IL 60501

$205,000~$750/mo.*
3 Beds • 3 Baths1,080 SqFt
Alton Morris#11293684Listing Office:
Keller Williams InfinityMLS logo
7510 W 59th St, Summit, IL 60501

7510 W 59th St, Summit, IL 60501

$149,900~$550/mo.*
2 Beds • 1 Bath1,213 SqFt
Grazyna Szczypta#11295067Listing Office:
Home Sellers Realty Inc.MLS logo
7341 W Archer Ave, Summit, IL 60501

7341 W Archer Ave, Summit, IL 60501

$475,000~$1,800/mo.*
8 Beds • 3 Baths
Magdalena Gruszka#11292094Listing Office:
Archer Home CenterMLS logo
7335 W 61st Pl, Summit, IL 60501

7335 W 61st Pl, Summit, IL 60501

$325,000~$1,200/mo.*
3 Beds • 3 Baths
Benjamin Tomlinson#11284430Listing Office:
Dream Town RealtyMLS logo
Address Not Disclosed, Summit, IL 60501

Address Not Disclosed, Summit, IL 60501

$289,900~$1,100/mo.*
9 Beds • 3 Baths
Nataliya Ligas Dauksha#11279752Listing Office:
Partners Realty IncMLS logo
5330 S 73rd Ct, Summit, IL 60501

5330 S 73rd Ct, Summit, IL 60501

$365,000~$1,350/mo.*
7 Beds • 4 Baths
Elizabeth Maciata#11278341Listing Office:
At Home Realty Group, Inc.MLS logo
7517 W Douglas Ave, Summit, IL 60501

7517 W Douglas Ave, Summit, IL 60501

$259,900~$1,000/mo.*
2 Beds • 2 Baths1,250 SqFt
Robert Lisak#11276936Listing Office:
CompassMLS logo
5436 S 73rd Ct, Summit, IL 60501

5436 S 73rd Ct, Summit, IL 60501

$479,950~$1,800/mo.*
5 Beds • 3 Baths2,400 SqFt
Robert Lisak#11276298Listing Office:
CompassMLS logo

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.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 01/01/2020 - 01/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 1/20/2022, 11:15:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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