Summit, AR Foreclosures
How much do homes sell for in Summit, AR?
The average home price is currently $139,834.
In Summit, AR, how many homes are available?
There are currently 17 active home listings available in Summit.
What’s the average rental cost in Summit, AR?
The average rental price in Summit is $816.
What is the most expensive home in Summit?
The most expensive home sold in Summit had a price of $3,703,000.
What is currently the cheapest priced home in Summit, AR?
The cheapest home for sale in Summit is priced at $16,750.
Living in Summit, AR
Summit, Arkansas is a charming small town in the Ozarks, known for beautiful landscapes and outdoor recreational opportunities. It boasts a close-knit community with quality schools and easy access to larger urban centers. Ideal for those seeking a peaceful lifestyle surrounded by nature.
Current Market Conditions in Summit, AR
The real estate market in Summit, AR, has been relatively stable, featuring a mix of affordable and higher-end homes. Buyers are drawn to the area due to its scenic surroundings and friendly community, resulting in steady demand, particularly for residential properties.
With increasing interest in rural living accelerated by remote work trends, property values in Summit have shown a gradual upward trend over the past few years. Buyers appreciate the affordability compared to nearby urban centers, leading to a competitive market for homes, particularly for those priced below $250,000.
Home Value Estimator For Summit, AR
There are currently 195 real estate properties
in Summit, AR,
with a median automated valuation model (AVM) price
of $82,682.00. 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, AR, 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, AR,
is $139,834.00, with the most expensive house
in Summit, AR, topping out
at $3,703,000.00 and the cheapest home
in Summit, AR,
clocking in at $16,750.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Summit, AR!
Rent Prices
In Summit, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Summit, AR, is on
a rollercoaster ride. The
average rent price in Summit, AR,
is $816.00. Indeed, when looking to rent in
Summit, AR, you can expect to pay as little
as $430.00 or as much
as $2,220.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in Summit, AR
-- 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
