| No. Bedrooms | Feb - Apr '12 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $662,500 | +3.1% | $609,500 | $642,500 | $785,000 |
The median sales price for homes in Summit NJ for Feb 12 to Apr 12 was $662,500. This represents an increase of 8.7%, or $53,000, compared to the prior quarter and an increase of 3.1% compared to the prior year. Sales prices have depreciated 15.6% over the last 5 years in Summit. The average listing price for Summit homes for sale on Trulia was $1,021,402 for the week ending May 09, which represents an increase of 3%, or $30,181, compared to the prior week and an increase of 3.4%, or $33,154, compared to the week ending Apr 18. Average price per square foot for Summit NJ was $784, an increase of 103.6% compared to the same period last year.
| No. Bedrooms | Week ending May 9 | w-o-w | Week ending May 2 | Week ending Apr 25 | Week ending Apr 18 |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | $482,449 | -3.0% | $497,141 | $488,817 | $501,418 |
| 3 bedrooms | $571,237 | +4.5% | $546,742 | $549,594 | $546,327 |
| 4 bedrooms | $986,236 | +4.1% | $947,059 | $938,078 | $877,778 | All properties | $1,021,402 | +3.0% | $991,221 | $1,003,429 | $988,248 |
| No. Bedrooms | Feb - Apr '12 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $784 | +103.6% | $358 | $385 | - |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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