Data as of January 2026. Source: Realtor.com.
The Summit, NJ real estate market currently shows 19 active listings, with 8 pending sales. Homes are averaging 62 days on the market before going under contract.
Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 62 days on market compared to 55 days last year.
The median listing price has fallen 6.3% year-over-year, from $1,387,000 to $1,300,000.
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.
ZIP coverage: 2 · Population: 24,281 · Median household income: $170,275
Typical home value: $905,960 · Homeownership rate: 67.8%