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City / Town Overview

Summit, NJ

Aggregate real estate market report across all ZIPs in scope
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Summit, NJ real estate market currently shows 44 active listings, with 26 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

The median listing price has risen 1.7% year-over-year, from $1,412,000 to $1,436,250.

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.

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Market Context

Market Context

Population: 24,281  ·  Density: 1,480.4/mi²  ·  Median household income: $170,275

Typical home value: $905,960  ·  Homeownership: 67.8%

Included Areas

Overlook: 07901, 07902

Area Map

Market Overview

Active Listings
44
⇩ 29% vs 62 last year
Pending
26
59% pending ratio
Median Price
$1,436,250
⇧ 1.7% vs $1,412,000 last year
Average Price
$1,786,662
⇧ 5.2% vs $1,698,476 last year
Days on Market
21
vs 21 days last year

Price Per Square Foot

Median $/sqft
$734
⇧ 21.7% vs $603/sqft last year
Median Home Size
2,940 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %