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Bankruptcy Homes in Summit, MS

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Summit, MS Foreclosures

How much do homes sell for in Summit, MS?
The average home price is currently $164,441.
In Summit, MS, how many homes are available?
There are currently 36 active home listings available in Summit.
What’s the average rental cost in Summit, MS?
The average rental price in Summit is $1,175.
What is the most expensive home in Summit?
The most expensive home sold in Summit had a price of $1,465,700.
What is currently the cheapest priced home in Summit, MS?
The cheapest home for sale in Summit is priced at $14,569.

Living in Summit, MS

Summit, Mississippi is a quaint town that offers a peaceful lifestyle with a strong sense of community and access to essential services. Outdoor activities are abundant, with parks providing space for recreation. The town's proximity to larger cities enhances its appeal for residents seeking both tranquility and connectivity.

Current Market Conditions in Summit, MS

The real estate market in Summit has been relatively stable with a slight increase in home prices over the last quarter. Demand for homes has remained steady, particularly among first-time buyers and retirees looking for a quieter lifestyle. Investment opportunities also exist in rental properties due to the town's community-oriented atmosphere.

Home Value Estimator For Summit, MS

There are currently 3,905 real estate properties in Summit, MS, with a median automated valuation model (AVM) price of $126,782.00. 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, MS, 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, MS, is $164,441.00, with the most expensive house in Summit, MS, topping out at $1,465,700.00 and the cheapest home in Summit, MS, clocking in at $14,569.00. In other words, there’s something for every potential homebuyer or savvy investor in Summit, MS!

Rent Prices In Summit, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summit, MS, is on a rollercoaster ride. The average rent price in Summit, MS, is $1,175.00. Indeed, when looking to rent in Summit, MS, you can expect to pay as little as $490.00 or as much as $1,940.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Summit, MS -- 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.

Summit, MS Bankruptcy Homes

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