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City / Town Overview

Summit, NJ

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

Market Overview

Active Listings
19
⇩ 38.7% vs 31 last year
Pending
8
42% pending ratio
Median Price
$1,300,000
⇩ 6.3% vs $1,387,000 last year
Average Price
$1,831,115
⇩ 0.8% vs $1,846,478 last year
Days on Market
62
⇧ 12.7% vs 55 days last year

Market Analysis

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.

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Included Areas

Summit: 07901, 07902

Market Context

ZIP coverage: 2  ·  Population: 24,281  ·  Median household income: $170,275

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

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings