Home Values

Summit Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Summit is $119,900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Summit is 7.0%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Summit homeowners underwater on their mortgage is 19.0%, which is higher than Albany Metro at 13.7%.

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Relative ZHVI
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Summit Market Overview

Data through Nov 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $119,900 Median listing price
  • No data Median sale price
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Summit Market Health

Data through Nov 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 19.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Albany Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Maryland $101,900
 
 

Listings & Sales

Data through Nov 30, 2014
  • $87 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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Summit Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,543 Albany Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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