Is Summit, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Summit was a Seller's Market.
Housing Prices in Summit, NY
How much do homes in Summit, NY cost?
Median Sold Price
$225,000
$94/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Summit was $225,000 in April 2024, up 206.1% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $73.5K | - | N/A |
3 Bedrooms | $200K | $350K | +75.0% |
4 Bedrooms | $60K | - | N/A |
5+ Bedrooms | - | $100K | N/A |
Summary: Summit housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 75%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Summit | $73.5K | $225K | +206.1% |
Worcester | $115.1K | $76K | -34.0% |
Housing Supply in Summit, NY
How many homes are available in Summit, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Summary: The Summit real estate market had 12 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 3 | 0 | -100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Summit housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Summit in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Summit, NY
How long does it take to sell a home in Summit, NY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 29 Days | +150.0% |
Summary: Homes in Summit had an average of 29 days on market in Apr 2024, up by 150% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Summit; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.