July 2025 Summit County Real Estate Market Update
We are right in the heart of the summer selling season here in Summit County, and the market is showing plenty of activity for buyers and sellers alike.
Sales Activity
July Summit County residential sales outpaced July 2024 by 7%, and year-to-date closings are up 5% compared to this time last year. Inventory has grown notably, with 867 properties available at the end of July 2025, a 22% increase from 2024. More homes on the market give buyers additional choices, but competition for the right property can still be strong.
1/1/2025-7/31/2025 Summit County Residential Real Estate Stats (Compared to same period 2024)
Prices & Value Trends
The average sales price county-wide has risen 2.6% to $1,478,310. The average price per square foot is holding steady at $832, down just $1 from last year. Homes are currently selling for about 97% of their list price, a 1-percentage-point dip from 2024.
Days on Market
Properties are taking longer to sell, with the average time on market now at 68 days, up 21 days from last year. This shift can create opportunities for buyers to take a closer look and negotiate, while sellers may want to prepare for a slightly longer selling process.
Breakdown by Property Type
Single-Family Homes: Sales are up 16% year-over-year, with the average sold price up 3% to $2,503,909.
Condominiums: Sales have increased 4%, and the average sold price has edged up 1% to $861,121.
Townhomes: Just one fewer sale than last year, with the average sold price down 2%.
What This Means for You
For buyers, higher inventory and longer days on market mean more opportunities and negotiating room. For sellers, strong demand, especially for single-family homes and well-located condos, continues to support solid prices, though strategic pricing and presentation remain key in today’s market.
If you’re curious about your home’s current value or want to explore what’s available, we’re here to guide you through the process and help you make the most of this summer market.
