Two Homes for Sale. One Sells. The Other Sits.
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Summit, NJ Market Report

April 2025


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Summit, NJ Market Update - April 2025

Lena Pesso

It’s been 10+ years for me in the real estate business. I love it ❤️...

It’s been 10+ years for me in the real estate business. I love it ❤️...

May 10 1 minutes read

Whether or not you’re thinking about selling your home, it's important to have a good understanding of what’s going on in your local market.

Knowing the most important highlight data such as the average sales price, number of homes sold, and days on market will better inform you.

Our market report showcases the highlights you need to know about local real estate trends in Summit, NJ.

 

48

New Listings

70

Active Listings

31

Under Contract

17

Closed Sales

 

$1.86m

Average Sales Price

9

Average Days on Market

$1.6m

Median Sales Price

2.3

Months of Supply


Homes Sold

104%

Sale-to-List Price


Curious about what
your home is worth now?

We're happy to explain what these numbers mean for you and your home's current market value.