Unshakable ZIP Data 60501 | Summit, IL Housing Market
Summit · Cook County · Chicago-Naperville-Elgin, IL-IN-WI metro · Illinois · Data updated June 19, 2026
The median sale price in ZIP 60501, Summit, Illinois is $301,660 at $249 per square foot. 19 single-family homes sold in the latest period, down 2.5 percent from a year earlier. Homes sit a median of 115 days on market with 3.5 months of supply. Sellers are getting 98.1 percent of list price and 22.2 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $281,856 | |
| Average price per sq ft | $232 | |
| Median sale price | $301,660 | |
| Median sale price per sq ft | $249 | |
| Median home size | 1,212 sq ft | |
| Median new listing price | $336,622 | +2.8% |
| National size rank | 8,835 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 19 | -2.5% |
| Median days on market | 115 days | |
| Months of supply | 3.5 months | |
| New listings | 22 | +24.1% |
| Active listings | 45 | +14.3% |
| Pending sales | 24 | +5.8% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 98.1% | -1.6 pts |
| Share sold above list | 22.2% | -19.9 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$234,652
3-bedroom
$279,985
4-bedroom
$311,661
5-bedroom
$340,381
These figures describe the single-family market for Summit, Illinois ZIP 60501. They are market context, not a substitute for sold comps or a formal appraisal.