Summit Real Estate Market Overview

Could Summit, NJ be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Summit. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near Summit such as Chatham and... New Providence. When you’re ready, Trulia has 104 resale and new homes in Summit lined up for you, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$918,550

Median Sales Price

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$438

Price Per Sqft

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$3,800

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Summit show a 2% week-over-week rise in average listing price and a 1% rise in median rent per month.

Median Sales Price
The median sales price for homes in Summit for May 10 to Aug 9 was $918,550 based on 93 home sales.
Price Per Square Ft.
Average price per square foot for Summit was $438, an increase of 0% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Summit for Jul 10 to Aug 10 was $3,800.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in and around Summit can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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Crime data for the past year is not available at this location.


Best Schools in Summit

There are 14 schools in Summit.

Elementary Schools
10

Lincoln Hubbard Elementary School

Public, 1-5

10

Franklin Elementary School

Public, 1-5

8

Washington Elementary School

Public, 1-5

Middle Schools
8

L C Johnson Summit Middle School

Public, 6-8

N/A

Oak Knoll School Of The Holy Child

Private, K-12

N/A

Oratory Preparatory School

Private, 7-12

High Schools
10

Chatham High School

Public, 9-12

10

Summit Sr High School

Public, 9-12

8

New Providence High School

Public, 9-12


Demographics

Get to know your neighbors in Summit by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
28%
Single residents
Home owners
67%
Home owners
Median age
38
Median age
Household income
$117,552
Median household income
College educated
77%
College educated

Commute

Most people in Summit commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
71% commute by car
0% commute by bike
22% commute by public transportation
5% commute by foot

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