Market Overview
Home Prices in Summit, WA
The median home value in Summit, WA is $594,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Summit are priced45% above average. Summit is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Summit home values have risen by approximately11.4%, reflecting steady appreciation in this market.
Price History
Summit Home Price Trend
City Comparison
Summit vs. National Median
At $594,626, homes in Summit cost 45% above the national median of $410,000. Buyers in Summit should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Summit?
20% Down Payment
$118,925
on $594,626
Monthly P&I
$3,101/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,938/mo
incl. taxes & insurance
Income Needed
$157,520
gross annual (30% rule)
10% Down Option
$59,463
+ PMI applies
Loan Amount (20% dn)
$475,701
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Summit, WA?
The median home value in Summit is $594,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Summit?
Over the past year, home values in Summit have decreased by 0.5%. Over five years, prices have risen approximately 11.4%.
How much do I need to earn to buy a home in Summit?
To comfortably afford the median home price of $594,626 with a 20% down payment ($118,925) at today's rates (6.8%), you'd need a gross annual income of approximately $157,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Summit compare to the national average home price?
The national median home value is approximately $410,000. At $594,626, homes in Summit are 45% above the national average.
What metro area is Summit part of?
Summit is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.