Data as of March 2026. Source: Realtor.com.
The Summit, NJ real estate market currently shows 37 active listings, with 18 pending sales. Homes are averaging 17 days on the market before going under contract.
Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 17 days on market compared to 26 days last year.
The median listing price has risen 6.3% year-over-year, from $1,382,000 to $1,468,750.
Whether you are buying or selling in Summit, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 24,281 · Density: 1,480.4/mi² · Median household income: $170,275
Typical home value: $905,960 · Homeownership: 67.8%
Summit: 07901
Overlook: 07902