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SUMMIT ARGO, IL 60501

Real Estate Market Report  ·  Cook County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SUMMIT ARGO, IL real estate market (60501) currently shows 18 active listings, with 8 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 48 days on market compared to 78 days last year.

The median listing price has risen 31.7% year-over-year, from $267,500 to $352,175.

Whether you are buying or selling in SUMMIT ARGO, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,655  ·  Density: 1,033.1/mi²  ·  Median household income: $55,429

Typical home value: $216,525  ·  Homeownership: 58.9%

Market Overview

Active Listings
18
vs 18 last year
Pending
8
44% pending ratio
Median Price
$352,175
⇧ 31.7% vs $267,500 last year
Average Price
$340,133
⇧ 20.5% vs $282,210 last year
Days on Market
48
⇩ 38.5% vs 78 days last year

Price Per Square Foot

Median $/sqft
$238
⇧ 16.7% vs $204/sqft last year
Median Home Size
1,627 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 48 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $352,175 (+31.7% YoY)
  • Average: $340,133 (+20.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.1 miles — 671 listings ($246,137,307 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60501Summit Argo, IL 605010.0 mi16$5,108,496$305,250$319,281
60525La Grange, IL 605252.3 mi53$27,854,627$394,350$525,559
60638Chicago, IL 606382.8 mi87$31,895,766$368,700$366,618
60513Brookfield, IL 605133.3 mi27$11,100,267$390,000$411,121
60457Hickory Hills, IL 604573.8 mi29$12,038,161$387,450$415,109
60546Riverside, IL 605464.0 mi31$19,360,740$439,900$624,540
60526La Grange Park, IL 605264.6 mi12$9,302,604$623,450$775,217
60804Cicero, IL 608045.3 mi67$20,478,148$301,950$305,644
60465Palos Hills, IL 604655.6 mi55$20,530,730$304,950$373,286
60415Chicago Ridge, IL 604155.8 mi39$9,746,763$209,000$249,917
60453Oak Lawn, IL 604535.8 mi162$49,225,806$280,750$303,863
60154Westchester, IL 601545.9 mi36$14,018,616$388,850$389,406
60652Chicago, IL 606526.1 mi57$15,476,583$295,625$271,519

Frequently Asked Questions

How many homes are for sale in SUMMIT ARGO, IL 60501?

As of March 2026, there are 18 active listings in SUMMIT ARGO, IL (zip code 60501), compared to 18 the prior year.

What is the median home price in SUMMIT ARGO, IL 60501?

The median listing price in SUMMIT ARGO, IL 60501 is $352,175 as of March 2026, a 31.7% increase from $267,500 the prior year.

How long do homes stay on the market in SUMMIT ARGO, IL?

Homes in SUMMIT ARGO, IL 60501 spend an average of 48 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in SUMMIT ARGO, IL 60501?

Based on current inventory and days-on-market data as of March 2026, SUMMIT ARGO, IL 60501 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 48 days on market compared to 78 days last year.

How much can I save on real estate commission in SUMMIT ARGO, IL?

With SELL123.com's maximum 3% commission, sellers in SUMMIT ARGO, IL 60501 save an estimated $7,044 compared to a typical 5% commission on the median listing price of $352,175. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.