Comprehensive market data and analysis• Updated Dec 2025
3.6 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | 1 | 1 | 2 | 2 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | 2 | 2 | 5 |
| 10-20 acres | - | - | 1 | 2 |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 8 | 13 |
Acreage buckets
The median price for land in Summit, New York is currently $8K per acre. For a typical parcel, the median sale price is $60K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $185K.
Summit, New York is currently a seller's market with 3.6 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Summit, New York currently has 3.6 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The current absorption rate in Summit, New York is 27.8% (3-month basis), indicating strong demand. The top-performing broker in this market is Country Boy Realty.
There are currently 6 active listings in Summit, New York. The median asking price is $82K.
The 3-month absorption rate in Summit, New York is 27.8%. The 12-month rate is 18.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Summit, New York stands at $60K. This translates to roughly $8K per acre for the typical parcel size. The average price is $79K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
