Summit, UT Foreclosures
How much do homes sell for in Summit, UT?
The average home price is currently $316,599.
In Summit, UT, how many homes are available?
There are currently 74 active home listings available in Summit.
What’s the average rental cost in Summit, UT?
The average rental price in Summit is $1,626.
What is the most expensive home in Summit?
The most expensive home sold in Summit had a price of $859,800.
What is currently the cheapest priced home in Summit, UT?
The cheapest home for sale in Summit is priced at $68,338.
Living in Summit, UT
Summit, Utah, is a charming mountain town surrounded by breathtaking natural scenery and outdoor activities, making it perfect for nature enthusiasts. With cozy local shops, community events, and excellent schools nearby, it offers a welcoming atmosphere for families and individuals alike. Whether you enjoy skiing in winter or hiking in summer, Summit has something for everyone.
Current Market Conditions in Summit, UT
The real estate market in Summit has been steadily growing, with home values appreciating over the past year. This increase can be attributed to the town's natural appeal and demand from both local buyers and those looking for vacation properties. The availability of various home types, from cabins to larger family homes, has attracted a diverse buyer demographic.
There's a strong interest in investment properties as well, particularly among those investing in short-term rental opportunities due to the area's tourist appeal during all four seasons.
Home Value Estimator For Summit, UT
There are currently 106 real estate properties
in Summit, UT,
with a median automated valuation model (AVM) price
of $284,952.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Summit, UT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Summit, UT,
is $316,599.00, with the most expensive house
in Summit, UT, topping out
at $859,800.00 and the cheapest home
in Summit, UT,
clocking in at $68,338.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Summit, UT!
Rent Prices
In Summit, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Summit, UT, is on
a rollercoaster ride. The
average rent price in Summit, UT,
is $1,626.00. Indeed, when looking to rent in
Summit, UT, you can expect to pay as little
as $1,400.00 or as much
as $2,120.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in Summit, UT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
