Summit, NY Home Values & Market Trends
Real estate market trends reflect that there have been 9 transactions over the past year in Summit. The median value for residential home transactions that occurred over the previous year is $202,795. The number of current listings in Summit is 18, and the percentage of properties for sale in the city is 18.00%. Summit, NY currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 18 properties for sale.
Summit, NY Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 12175 | $ 202,795 $ 161/sqft |
Housing Market Summary for Summit, NY
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $272.4K | $214K | -21.45% |
| Median Sold Price | $0 | $196.5K | - |
| Homes For Sale | 13 | 18 | 38.46% |
| Homes Sold | 0 | 3 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Summit, NY
Browse Homes in Summit, NY
Summit home values range from $42,000 to $590,900. The median estimated value of a home in Summit is $202,795. The median list price of a home is 214,000, and the total count of properties in the city is 23.
- Pre-ForeclosurePre-foreclosure homes account for 4.35% of all residential properties in Summit, NY with 12175 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Summit, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $183,351 in 12175 to the lowest home value of $183,351 in 12175.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Summit, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Summit, NY. There is 1 zips within Summit, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Summit, NY. Auction homes and other auction properties account for 0% of all properties in Summit, NY. There is 1 zips within Summit, NY; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Summit, NY
New York Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.