Three homes closed in Summit Park in October at a median of $925,000, and the one that had been listed for 293 days sold at about 80 percent of its original price.
What happened in Summit Park this October?
Three homes closed in Summit Park during October 2026, one fewer than the four of October 2025. Total closed volume was $3.2 million, down 34.6 percent from $4.9 million.
The median sale price was $925,000, down 21.3 percent from $1,175,000 a year earlier. The average sale price was $1,063,000, down 12.8 percent from $1,218,750. With three sales, the drop reflects which homes sold more than a change in what homes are worth.
Buyers negotiated hard on one home and less on the other two. 620 Parkview Drive had been listed for 293 days and closed at 80.4 percent of its original list price, while the other two closed at 94.9 percent and 92.4 percent. The three averaged 89.2 percent, up from 83.2 percent a year earlier.
That long listing explains an odd pair of numbers. The median home that closed had been listed for 26 days, compared with 88 a year earlier, but the average was 112 days.
Activity was very light. Two new listings came to market, down from five, and only one home went under contract, down from six. Supply was steady, with 12 homes available in mid-October against 13 a year earlier.
Ratio
CDOM is cumulative days on market, which counts the full time a property has been listed across listing periods rather than the days until it went under contract.
Absorption rate estimates how many months it would take to sell the listed supply at the current pace of sales. It is based on the mid-month supply count and is sensitive to small changes in sales.
How did the Summit Park market change over the last three months?
Summit Park is a small market, and the last three months were quieter than the same stretch of 2025. Seven homes closed against 15 a year earlier, and seven went under contract against 15.
August 2026
September 2026
October 2026
| Metric | Aug 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|
| Closed sales | 1 | 3 | 3 |
| Median sale price | $1,670,000 | $980,000 | $925,000 |
| Average sale price | $1,670,000 | $1,094,333 | $1,063,000 |
| Closed sale volume | $1,670,000 | $3,283,000 | $3,189,000 |
| New listings | 5 | 3 | 2 |
| Pending listings | 4 | 2 | 1 |
| Sale-to-original-list-price ratio | 98.5% | 87.5% | 89.2% |
| Average CDOM | 10 days | 78 days | 112 days |
The same three months a year earlier:
| Metric | Aug 2025 | Sep 2025 | Oct 2025 |
|---|---|---|---|
| Closed sales | 7 | 4 | 4 |
| Median sale price | $1,275,000 | $1,424,000 | $1,175,000 |
| New listings | 7 | 2 | 5 |
| Pending listings | 6 | 3 | 6 |
Three patterns stand out. First, activity faded. New listings fell from 5 in August to 3 in September and 2 in October, and pending listings fell from 4 to 2 to 1.
Second, price discounts deepened after August. The sale-to-original-list-price ratio was 98.5 percent in August, which rested on a single sale, then 87.5 percent in September and 89.2 percent in October.
Third, the monthly median reflects which homes closed. August’s one sale was $1,670,000, and September and October’s sales were mostly under $1,000,000, so the median fell to $925,000 without a clear change in prices.
Supply built slowly as sales slowed. The absorption rate rose from 3.38 months in August to 4.36 in September and 4.50 in October.
What actually sold in Summit Park?
Three detached single-family homes closed in October, all in Summit Park. Prices ranged from $855,000 to $1,409,000.
All three closed below their original list price, by between 5 and 20 percent. Two of the three sold for less than $1,000,000, and the median was $925,000.
Selected October sales
All three October sales are shown, ordered by sale price. They have not been assessed for comparability and should not be read as direct comparables for one another.
305 Crestview Drive, Summit Park
7 bedrooms 4 bathrooms 3,800 square feet
Approximately 0.46 acres · Built 2002
Original list price: $1,485,000
Percent of original list price: 94.9%
Sale price per square foot: $371
Days on market: 16
620 Parkview Drive, Summit Park
3 bedrooms 3 bathrooms 2,310 square feet
Approximately 0.29 acres · Built 1992
Original list price: $1,150,000
Percent of original list price: 80.4%
Sale price per square foot: $400
Days on market: 293
300 Aspen Drive, Summit Park
4 bedrooms 4 bathrooms 2,510 square feet
Approximately 0.24 acres · Built 2002
Original list price: $925,000
Percent of original list price: 92.4%
Sale price per square foot: $341
Days on market: 26
305 Crestview Drive, a seven-bedroom home on 0.46 acres, was listed at $1,485,000 and closed at $1,409,000, 94.9 percent of its original price, after 16 days on the market.
620 Parkview Drive was listed at $1,150,000, reduced to $975,000, and closed at $925,000 after 293 days. That was 80.4 percent of its original price, the deepest discount of the month.
300 Aspen Drive was listed at $925,000, reduced to $885,000, and closed at $855,000, 92.4 percent of its original price, after 26 days.
Price per square foot ranged from $341 to $400 across the three sales, which reflects differences in size, age and lot rather than a market-wide rate.
What did buyers have to choose from?
Two new listings came to market in Summit Park in October, down 60.0 percent from five in October 2025. Only one home went under contract, down from six.
| Activity | Aug 2026 | Sep 2026 | Oct 2026 | Oct 2025 |
|---|---|---|---|---|
| New listings | 5 | 3 | 2 | 5 |
| Pending listings | 4 | 2 | 1 | 6 |
| Closed sales | 1 | 3 | 3 | 4 |
Both new listings were priced between $1,000,000 and $1,499,999. The one home that went under contract was in the same range, with a list price of $1,150,000.
In mid-October, 12 homes were available, against 13 a year earlier, but the mix changed. Homes listed under $1,000,000 rose to six from two, while homes between $1,000,000 and $1,499,999 fell to one from seven. The median list price of available homes was $1,047,000, down 26.5 percent from $1,425,000, which reflects that shift in what was listed rather than a change in any particular home’s price. This is a mid-month snapshot rather than a month-end count.
The absorption rate was 4.50 months, down from 5.57 a year earlier. In plain terms, at October’s pace of sales it would take about four and a half months to sell through the available homes, a little less than a year ago.
For the year to date, 37 homes have been listed against 41 through the same point in 2025, 23 have gone under contract against 31, and 23 have closed against 26.
New Construction in Focus
No new-construction homes closed in Summit Park in October. All three closings were established homes built in 1992 and 2002. New construction is a very small part of what is for sale here.
Current new-construction availability
As of the most recent listing search, 1 of the 13 active Summit Park listings is explicitly flagged as new construction. It is a single-family home on Ponderosa Drive in the Timberline area that is listed as under construction.
| Measure | Value |
|---|---|
| Asking price | $2,100,000 |
| Size | 6 beds, 6 baths, 3,640 finished sq ft |
The home has been listed for 208 days. At $2,100,000 it is well above the $1,095,000 median asking price for all 13 current listings, and a buyer would be committing before it is finished. These are current availability figures, not a month-end inventory count for October.
What does this mean for buyers and sellers?
For buyers
Negotiating room varied a great deal. 620 Parkview Drive closed at 80.4 percent of its original price after 293 days, while the other two homes closed at 94.9 and 92.4 percent. Six of the 13 homes currently listed have already reduced their asking price.
Homes that were priced to the market sold quickly. 305 Crestview Drive closed in 16 days and 300 Aspen Drive in 26 days, so a well-priced home can be gone fast.
There is more to choose from under $1,000,000 than a year ago, with six homes listed in mid-October against two. Between $1,000,000 and $1,499,999 there was only one.
Very few homes are coming to market, with two new listings in October. If a home fits your needs, it may not be worth waiting for the next one.
For sellers
Pricing shaped the outcomes. 620 Parkview Drive started at $1,150,000, was reduced to $975,000, and closed at $925,000 after 293 days. 305 Crestview Drive, listed at $1,485,000, closed in 16 days at 94.9 percent of its original price.
Buyer activity is light. Only one home went under contract in October against six a year ago, and year-to-date contracts are 23 against 31.
Competition is shifting toward lower prices. Six homes were listed under $1,000,000 in mid-October, up from two a year earlier, and the median home currently listed has been on the market 81 days.
One caution on the headline numbers. The October median of $925,000 is the middle of three sales, and it should not be used to price a particular property.
Keep the price increase in perspective
Summit Park’s prices point down rather than up in October, but the same caution about medians applies in either direction. The median sale price fell 21.3 percent year over year, from $1,175,000 to $925,000. Year to date, the median is $1,250,000 against $1,287,500 for the same period of 2025, a decline of 2.9 percent.
The gap between those two numbers is the point. October’s drop does not mean the value of every Summit Park home fell by that much.
A median describes the middle of what sold, not the change in value of any particular property. October’s comparison is between three sales and four, and two of the three sold for less than $1,000,000. The median moves whenever the mix of homes changes.
The average sale price fell 12.8 percent in October, from $1,218,750 to $1,063,000, but year to date it is up 5.0 percent, from $1,276,496 to $1,340,289. Different measures, small samples and different months can point in different directions.
Asking prices show the same mix effect. The median list price of homes available in mid-October was 26.5 percent lower than a year earlier, which reflects a shift toward listings under $1,000,000, while the average list price was 0.9 percent higher. Six of the 13 homes currently listed have reduced their price.
What an individual owner’s home is worth depends on its subdivision, size, age, condition, views and location. The only reliable way to know is a valuation of that specific property.
What should we watch next month?
These are indicators worth following, not forecasts.
Whether more homes go under contract.
Only one Summit Park home went under contract in October, two in September and four in August, against six, three and six in the same months of 2025. Pending activity leads closings by roughly one to two months, so the coming months will show whether buyers are returning.
Whether supply under $1,000,000 keeps growing.
Mid-October had six homes listed under $1 million against two a year earlier, and six of the 13 homes now listed have cut their price. If sales stay slow, competition among sellers at that level could keep building.
Whether long-listed homes sell.
The median home now listed has been on the market 81 days, and the longest for 208 days. One October sale, 620 Parkview Drive, took 293 days and closed 19.6 percent below its original price. How the other long listings end will show how much sellers need to give.
Frequently Asked Questions
What was the median home price in Summit Park in October 2026?
The median sale price was $925,000 across three closed sales, down 21.3 percent from $1,175,000 in October 2025. With so few sales, it can shift a lot when the mix of homes changes.
How many homes sold in Summit Park in October 2026?
Three homes closed, down from four in October 2025. Combined closed volume was $3.2 million, compared with $4.9 million a year earlier.
Did homes in Summit Park sell above asking price?
No. All three October closings sold below their original list price, averaging 89.2 percent of it, compared with 83.2 percent in October 2025.
How long did homes take to sell in Summit Park?
The median cumulative days on market for October closings was 26 days, but the average was 112 days because one home, 620 Parkview Drive, had been listed for 293 days. Year to date, the median is 45 days against 63 last year.
Is there any new construction for sale in Summit Park?
One of the 13 current listings is flagged as new construction, a $2,100,000 single-family home on Ponderosa Drive that is listed as under construction. No new-construction home closed in October.
Why did the median price fall 21.3 percent when the year-to-date median is down only 2.9 percent?
October’s median compares three sales with four, and two of the three sold under $1,000,000. The year-to-date figure covers more sales, so it is a steadier guide to where prices stand.
How many homes are for sale in Summit Park right now?
A current search shows 13 homes listed, with asking prices from $750,000 to $3,495,000 and a median of $1,095,000. Twelve are single-family homes and one is a townhome, and six have reduced their price. This is a current figure and differs from the mid-October count of 12.
Is now a good time to buy or sell in Summit Park?
That depends on your property and your timeline rather than on a single month’s numbers. October showed light buyer activity and deeper discounts on long-listed homes, but with only three sales one month cannot set a trend. A conversation about your specific home or target neighborhood will be more useful than a market average.
Thinking about buying or selling in Summit Park?
Every home in Summit Park is different, and a monthly median cannot tell you what your property is worth or what you should offer on a particular listing. Karen Stone works in these neighborhoods every week and can walk you through what the numbers mean for your situation. Contact Karen to talk through your plans.
