Summit, AZ
Housing market overview · Updated weekly
$265,000median sale price
Homes sold
1
Last 12 weeks
Days on market
10
Fast-moving
Active listings
4
4.0 months supply
Sale-to-list
100.0%
Above asking
The Summit housing market is currently classified as a balanced market with a median sale price of $265,000. Prices have fallen 8.3% compared to last year, with homes spending an average of 10 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $265,000, down 8.3% from last year.
How long do homes stay on market in Summit?
Homes typically spend 10 days on market before going under contract.
Is Summit a buyer's or seller's market?
With 4.0 months of supply, Summit is currently a balanced market.
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