Summit, IL real estate snapshot: Pulse Score pending, cap rate –%, median price $324,500. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
The Summit housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 11.7% in the past month. With 18 active listings, inventory is 80% higher than seasonal norms. Homes are taking about 42 days to sell, which is -23 days longer than this time last year. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Summit market with the affordability index at 296.1. Based on current market indicators, home prices in Summit are projected to increase by approximately 5.4% over the next month.
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The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Summit, IL for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Summit, IL.
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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