Summit, UT Foreclosures
How much do homes sell for in Summit, UT?
The average home price is currently $326,145.
In Summit, UT, how many homes are available?
There are currently 76 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 $73,828.
Living in Summit, UT
Summit, UT is a beautiful community nestled in the Wasatch Mountains, offering stunning views and a peaceful lifestyle. Known for outdoor activities such as hiking and skiing, it attracts nature lovers and families alike. The town boasts a friendly atmosphere with local amenities that cater to residents' needs.
Current Market Conditions in Summit, UT
The real estate market in Summit, UT has seen a steady increase in property values due to the area's growing popularity among those seeking a mountain lifestyle. Homes in the area range from quaint cabins to modern residences, and demand has been on the rise as more people seek escape from city living to experience the tranquility offered by Summit.
While prices have been climbing, the market remains competitive, with a limited inventory of homes for sale. This trend suggests that investing in real estate in Summit is becoming more favorable as the demand continues 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 $293,023.00. 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 $326,145.00, with the most expensive house
in Summit, UT, topping out
at $859,800.00 and the cheapest home
in Summit, UT,
clocking in at $73,828.00. 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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