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Thursday, November 28, 2024

Summit home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Summit rose by $1,750 while total sales decreased by 30%, according to BlockShopper.com.

From April through June of 2019, there were 14 homes sold, with a median sale price of $166,500 - a 1.1% increase over the $164,750 median sale price for the same period of the previous year. There were 20 homes sold in Summit in the second quarter of 2018.

The median sales tax in Summit for the most recent year with available data, 2018, was $5,394, approximately 3.2% of the median home sale price for the second quarter of 2019.

The following table compares Summit to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Schiller Park393511.4%$177,000$215,000-17.7%
Northlake474211.9%$175,000$176,500-0.8%
Worth68629.7%$174,500$186,500-6.4%
Oak Lawn251318-21.1%$171,000$178,750-4.3%
Orland Hills2035-42.9%$170,000$190,000-10.5%
Summit1420-30%$166,500$164,7501.1%
Stone Park112450%$160,000$210,750-24.1%
Bedford Park26-66.7%$156,500$234,000-33.1%
Homewood96112-14.3%$155,500$151,2502.8%
Lyons3141-24.4%$152,000$165,000-7.9%
Maywood8990-1.1%$150,000$134,75011.3%

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