Summit, UT Foreclosures
How much do homes sell for in Summit, UT?
The average home price is currently $323,737.
In Summit, UT, how many homes are available?
There are currently 77 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 $72,184.
Living in Summit, UT
Summit, UT is a charming small town surrounded by the majestic Wasatch Mountains, ideal for outdoor enthusiasts and families alike. Known for its outstanding schools and community feel, Summit offers easy access to numerous recreational activities year-round. With a variety of local amenities and proximity to larger cities, it provides a balanced lifestyle of tranquility and convenience.
Current Market Conditions in Summit, UT
The real estate market in Summit, UT has remained competitive over the past year, with a steady increase in property values largely driven by demand for vacation homes and investment properties. The availability of newer construction homes alongside older, character-rich properties attracts a diverse range of buyers and investors looking for both permanent residences and second homes.
There has been an uptick in new listings in the past months, but the low inventory continues to put pressure on home prices. As families and remote workers seek more space and a connection to nature, the demand for homes in Summit is expected to grow.
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 $283,124.00. 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 $323,737.00, with the most expensive house
in Summit, UT, topping out
at $859,800.00 and the cheapest home
in Summit, UT,
clocking in at $72,184.00. 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.
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