Summit, NJ
City market trends and history
Public Record
Median Sale Price
$2.06M
12-Month Sales
28
-35.7%
1-Year Appreciation
-35.7%
Properties Tracked
1,454
Median Sale Price History
Top Neighborhoods
| Name | Median |
|---|
Top Neighborhoods by Activity
No neighborhood data available
Neighborhood-level stats are available for ~24k of the ~215k U.S. neighborhoods — Summit is not currently covered.
Top ZIP Codes
| ZIP | Sales 12mo | Median |
|---|---|---|
| 07901 | 6 | $1.46M |
Recent Sales
| Date | Address | Price |
|---|---|---|
| May 4, 2026 | 91 CANOE BROOK PKWY | $1.28M |
| Apr 14, 2026 | 17 BEEKMAN TER | $1.16M |
| Mar 26, 2026 | Lorraine Rd | $2M |
| Mar 6, 2026 | 29 ASHWOOD AVE | $700K |
| Mar 2, 2026 | Lorraine Rd | $2M |
| Dec 5, 2025 | 50 PARMLEY PL APT 203 | $1.6M |
| Nov 14, 2025 | Summit Ave Apt 40 | $399K |
| Nov 13, 2025 | 117 OAK RIDGE AVE | $3.7M |
| Nov 5, 2025 | 70 CANOE BROOK PKWY | $1.51M |
| Oct 31, 2025 | 70 CANOE BROOK PKWY | $1.51M |
| Sep 30, 2025 | Parkview Ter | $1.93M |
| Sep 23, 2025 | 14 ARGYLE CT | $3.4M |
| Sep 17, 2025 | 14 ARGYLE CT | $3.4M |
| Aug 19, 2025 | 29 NORWOOD AVE | $4.53M |
| Aug 14, 2025 | Edison Dr | $1.57M |
| Jul 23, 2025 | Mountain Ave | $1000K |
| Jul 11, 2025 | 22 HOBART RD | $4.8M |
| Jul 9, 2025 | Mountain Ave | $1000K |
| Jul 2, 2025 | 33 EGGERS CT | $1.27M |
| Jun 10, 2025 | Portland Rd | $3.95M |
4-Quarter Forecast
Linear projection from past trendQuarterly trend
+7.0%
Implied 1-yr
+27.9%
2026 Q3
$2.08M
2026 Q4
$2.18M
Median Price — History + Forecast
Property type mix
Share by property type
Year-built distribution
Properties by build era
Map
Recent top sales — most expensive
| Address | Sale date | Sale price |
|---|---|---|
| 40 PROSPECT HILL AVE | Dec 28, 2023 | $6,500,000 |
| 40 BEEKMAN TER | Dec 10, 2021 | $6,300,000 |
| 14 ESSEX RD | May 31, 2023 | $5,700,000 |
| 14 ESSEX RD | Dec 2, 2023 | $5,700,000 |
| Springfield Ave | Apr 19, 2024 | $5,500,000 |
| Springfield Ave | Jul 20, 2023 | $5,375,000 |
| Springfield Ave | Aug 23, 2023 | $5,375,000 |
| 7 ESSEX RD | Mar 10, 2023 | $4,550,000 |
| 7 ESSEX RD | Mar 22, 2023 | $4,550,000 |
| 3 ESSEX RD | Dec 14, 2021 | $4,500,000 |
How Summit compares
| Metric | Summit | New Jersey avg | US avg |
|---|---|---|---|
| Median price | $2.06M | $723.3K | $535.4K |
| 1-year change | -35.7% | -10.6% | -5.4% |
| Sales (12mo) | 28 | 7,859 | — |
| Median sqft | — | — | — |
Other cities in New Jersey
How Summit ranks in New Jersey
1-year appreciation
#367 of 746
Median price
#42 of 746
Frequently asked about Summit
What is the median sale price in Summit, NJ?
The median sale price in Summit over the last 12 months is $2.06M, based on 28 transactions.
How fast are home prices appreciating in Summit?
Summit home prices have changed -35.7% year-over-year on a median basis.
How many sales happen each year in Summit?
Roughly 28 home sales were recorded in Summit over the trailing 12 months.
What types of properties are most common in Summit?
single_family is the most common property type tracked in Summit.
When were most homes in Summit built?
Most homes in Summit were built in the Pre-1950 era.