Summit Lake, WI Foreclosures
How much do homes sell for in Summit Lake, WI?
The average home price is currently $350,297.
In Summit Lake, WI, how many homes are available?
There are currently 1 active home listings available in Summit Lake.
What’s the average rental cost in Summit Lake, WI?
The average rental price in Summit Lake is $1,546.
What is the most expensive home in Summit Lake?
The most expensive home sold in Summit Lake had a price of $1,718,691.
What is currently the cheapest priced home in Summit Lake, WI?
The cheapest home for sale in Summit Lake is priced at $62,072.
Living in Summit Lake, WI
Summit Lake is a tranquil community nestled in the beauty of northern Wisconsin. Surrounded by picturesque lakes and forests, it offers a peaceful lifestyle for families and retirees alike. With a small population, residents enjoy a close-knit community atmosphere with access to outdoor recreational activities year-round.
Current Market Conditions in Summit Lake, WI
The real estate market in Summit Lake has seen a steady increase in home values, primarily due to the area's natural beauty and recreational opportunities. Many buyers, especially those from urban areas, are seeking escape to quieter surroundings, thus driving demand for properties here.
As of late 2023, the average home price in Summit Lake has risen by about 10% compared to the previous year. The inventory remains somewhat limited, which keeps competition high among prospective buyers.
Home Value Estimator For Summit Lake, WI
There are currently 254 real estate properties
in Summit Lake, WI,
with a median automated valuation model (AVM) price
of $312,730.00. 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 Lake, WI, 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 Lake, WI,
is $350,297.00, with the most expensive house
in Summit Lake, WI, topping out
at $1,718,691.00 and the cheapest home
in Summit Lake, WI,
clocking in at $62,072.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Summit Lake, WI!
Rent Prices
In Summit Lake, WI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Summit Lake, WI, is on
a rollercoaster ride. The
average rent price in Summit Lake, WI,
is $1,546.00. Indeed, when looking to rent in
Summit Lake, WI, you can expect to pay as little
as $880.00 or as much
as $2,490.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Summit Lake, WI
-- 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
