Summit, NJ Real Estate Market Summary – September 8, 2026
In Summit, NJ, a total of 17 homes have been sold in the last 30 days, indicating a pace of approximately 1 every 1.76 days. The average living area for these properties is around 1,000 square feet, and the median sale price is reported at $1,900,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 17 |
| Sold Per Day | 1 every 1.76 days |
| Average SQFT | 1000 |
| Median Sales Price | $1,900,000 |
| Average Sales Price | $1,805,965 |
| Average Price Per SQFT | $6 |
| Average Days on Market | 17 |
| Average Year Built | 1941 |
Summit, NJ Single Family Home Analysis
For single-family homes, 16 properties were sold during this period, maintaining a pace of about 1 every 1.88 days. The average sale price for these homes is approximately $1,842,276, with a median price of $1,910,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 16 |
| Sold Per Day | 1 every 1.88 days |
| Average SQFT | 1000 |
| Median Sales Price | $1,910,000 |
| Average Sales Price | $1,842,276 |
| Average Price Per SQFT | $6 |
| Average Days on Market | 16 |
| Average Year Built | 1941 |
Summit, NJ Condo & Townhome Analysis
There is no market data available for that home type at this time.
Buyer & Seller Analysis
- Pace of listings is 1 every 1.76 days.
- Average days on market for sold homes is 17 days.
- Median sale price stands at $1,900,000.
- No sales were recorded for condo and townhome segments.
Conclusion
The market in Summit exhibits a consistent selling pace for single-family homes, while the condo and townhome segment has not seen any sales recently. This information provides a snapshot of current market trends in the area.