Summit, UT is known for its high housing median value compared to the rest of the US. Currently, the median value of houses in Summit is $317,800 which is slightly below the US average of $338,100. Despite this, over the past year there has been a significant appreciation in house values in Summit with an increase of 7.86%, just shy of the US average of 8.27%. This suggests that Summit remains an attractive place to invest in property and provides an excellent opportunity for homeowners to increase their equity.
The median home cost in Summit is $317,800. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Summit is up 19.9%.
Average Age of Homes
- The median age of Summit real estate is 28 years old
The Rental Market in Summit
- Renters make up 0.0% of the Summit population
- 0.0% of houses and apartments in Summit, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.