Question 1

What is the median sold price in Summer Lea?

Accepted Answer

The median sold price in Summer Lea is $101,000 based on 8 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Summer Lea?

Accepted Answer

The average sold price in Summer Lea is $179,438. Note that the average ($179,438) is higher than the median ($101,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Summer Lea?

Accepted Answer

Home prices in Summer Lea range from $25,000 to $515,000 based on recent sales data. This $490,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Summer Lea selling above or below asking price?

Accepted Answer

On average, homes in Summer Lea are selling at 93.4% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Summer Lea?

Accepted Answer

Homes in Summer Lea are selling in an average of 123 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Summer Lea?

Accepted Answer

The average price per square foot in Summer Lea is $245. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $490,000.

Question 7

How active is the real estate market in Summer Lea?

Accepted Answer

The Summer Lea market has seen 8 home sales over the past 2 years, with 4 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

What types of properties are selling in Summer Lea?

Accepted Answer

The most common property types selling in Summer Lea are: vacant lot (4 sold, avg $53,875), agriculture / farm (4 sold, avg $245,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Summer Lea?

Accepted Answer

Home prices in Summer Lea have decreased by 92.0% over the past 2 years. The average sold price moved from $515,000 to $41,000. This downward trend may present buying opportunities for purchasers.

Question 10

Is Summer Lea a buyer's or seller's market?

Accepted Answer

Based on current data, Summer Lea is a buyer's market. Homes are selling in 123 days on average and at 93.4% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Summer Lea?

Accepted Answer

In Summer Lea, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in Summer Lea?

Accepted Answer

Homes selling in Summer Lea range from 590 to 2,080 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Summer Lea?

Accepted Answer

Summer Lea shows high price diversity with a standard deviation of $162,849 around the average price of $179,438. This wide range indicates a diverse market with options at many price points.

Question 14

How do I find out how much a house sold for in Summer Lea?

Accepted Answer

Simply search our Summer Lea sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 15

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Summer Lea will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Summer Lea?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Summer Lea. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Summer Lea Sold Prices & Sale History

Summer Lea Sold Data Overview

Recently Sold in Summer Lea

Summer Lea Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Summer Lea compare to Rural Barrhead County?

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