Summit Real Estate Overview


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  • Schools
  • Commute
  • Amenities
  • Affordability
  • Demographics
  • Hazards

Average Listing Price

  • $1,132,324
  • for week ending Oct 08
  • +$11,473
  • +1.0%
  • w-o-w

Median Sales Price

  • $830,000
  • Jul '14 - Oct '14
  • +$40,000
  • +5.1%
  • y-o-y

Average Listing Price $1,132,324 +1.0% w-o-w
Median Sales Price $830,000 +5.1% y-o-y
Average Price/sqft $475 +39.3% y-o-y
Number of Sales 94 -12.1 % y-o-y

Most popular zip codes Avg. listing Price
Week ending Oct 8
w-o-w
07083 $291,325 0.0%
07090 $945,639 -1.0%
07901 $1,132,324 +1.0%
07036 $235,595 -0.7%
07016 $495,579 +3.1%
Movers & Shakers Avg. listing price
Week ending Oct 8
w-o-w
07202 $198,339 -56.7%
07062 $230,951 +6.9%
07208 $261,298 -4.8%
07206 $167,038 +4.5%
07060 $280,278 -4.2%
View Union County Home Prices Map

Summary for Summit


Average price per square foot for Summit NJ was $475, an increase of 15% compared to the same period last year. The median sales price for homes in Summit NJ for Jul 14 to Oct 14 was $830,000 based on 94 home sales. Compared to the same period one year ago, the median home sales price increased 5.1%, or $40,000, and the number of home sales decreased 12.1%. There are currently 92 resale and new homes in Summit on Trulia, including 36 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Summit NJ was $1,132,324 for the week ending Oct 08, which represents an increase of 1%, or $11,473, compared to the prior week.


District Type Grades Schools Students
Summit Public Schools Public PK - 12 9 3,953
School Name School Type Grades Parent Rating
Jefferson Elementary School Public 1 - 5
Franklin Elementary School Public 1 - 5
Bilingual Buds Private
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Stats & Trends
Homes for Sale in Summit
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