From July to September, 22 homes sold in Summit for a median price of $167,500. That's 0.2 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, 5 homes in Summit were in foreclosure.
Median property tax for homeowners in Summit was $6,829.28 in 2017 according to tax data from that year. That means homeowners pay 4.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Summit real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
17
$105,300
-
2010
19
$105,906
0.6%
2011
24
$74,863
-29.3%
2012
28
$79,025
5.6%
2013
26
$89,100
12.7%
2014
13
$116,600
30.9%
2015
28
$137,800
18.2%
2016
17
$166,950
21.2%
2017
20
$167,790
0.5%
2018
22
$167,500
-0.2%
Median property tax
Median sale price
Effective property tax rate
2009
$6,551.46
$105,300
6.2%
2010
$6,339.68
$105,906
6%
2011
$5,711.91
$74,863
7.6%
2012
$5,618.18
$79,025
7.1%
2013
$5,588.13
$89,100
6.3%
2014
$4,443.52
$116,600
3.8%
2015
$5,816.32
$137,800
4.2%
2016
$6,149.53
$166,950
3.7%
2017
$6,829.27
$167,790
4.1%
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