Summit 60501
Cook County, IL · 10,629 properties · updated 7/5/2026
Should you buy here?buyer-timing lens
55affordability /100
Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.
Payment burden
27.3%
affordable
Days on market
114
daily
Price cuts
0.0%
of active
Valuation
-17.8%
vs assessor
76
/100
Stable
warming · balanced · prices rising year-over-year.
Price trend
90
Affordability
85
Valuation
50
Economic health
55
Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.
Buyer / sellerbuyer-timing lens
Balanced Market
DOM: 84d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)25
Days on Market (5%)75
Balanced market in 60501. List price is roughly fair — focus on condition and value. Payment burden: 27.3% of median income. Median days on market: 84. Renting is approximately 44% cheaper than buying (price-to-rent ratio: 17.3).
Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
WARMINGBALANCED
Market is warming with rising prices. Conditions are balanced between buyers and sellers.
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Market snapshoteach number, once
Median price
$279,828
▴ 2.4% YoY
Days on market
114
daily · zip_data
Median rent
$1,349
ZORI
Investor score
65/100
cash-flow lens
Active listings
20
90-day
Valuation3 lenses, different anchors
vs assessor
-17.8%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$230,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+44.5%
County-wide market — the widest, slowest signal.
Cook+44.5%
Cook+44.5%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$167
Price-to-income4.5×
How 60501 ranks in IL
percentile vs all Illinois ZIPs · n=1303
Market velocity12%
Supply tightness25%
Affordability6%
Investment yield43%
Appreciation20%
Affordability, supply & momentum
12SUPPLY
OversuppliedSupply Tightness
Ample inventory — buyers have time and leverage to negotiate.
Months of Supply19.4 mo
Days on Market114d
Inv vs History+1.3%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,413
Payment burden27.3%
Median income · ZIP$62,110
Mortgage rate6.49% · 30yr
Total monthly own$1,693
Monthly rent$1,349
Market dynamics
Price cut %0.0%
Momentumwarming
LeverageBALANCED
Months of supply19.4
Sales (90d)0
Investment analysis
Median rent$1,349
Price-to-rent17.3
Est. cap rate3.8%
Buy vs rentneutral
Livability
Walk score10
Transit score14
Bike score—
Historical trends
Cook County contextmacro · jobs · debt · migration
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.