Summit, NJ
Housing market overview · Updated weekly
$1.20Mmedian sale price
Homes sold
5
Last 12 weeks
Days on market
13
Fast-moving
Active listings
12
2.4 months supply
Sale-to-list
106.3%
Above asking
The Summit housing market is currently classified as a strong seller's market with a median sale price of $1.20M. Prices have fallen 22.5% compared to last year, with homes spending an average of 13 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Summit
There are currently 12 homes listed for sale in Summit, New Jersey. The median listing price is $1.0M.
Active listings
12
Homes on market
Median list price
$1.0M
Avg. days on market
13
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $1.20M, down 22.5% from last year.
How long do homes stay on market in Summit?
Homes typically spend 13 days on market before going under contract.
Is Summit a buyer's or seller's market?
With 2.4 months of supply, Summit is currently a strong seller's market.
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