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Summit, NJ real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Summit real estate Market Report.

Information and statistics on the latest trends in the Summit real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$1.5M
+9.6% from Q1 '26
Median list price
$1.4M
+2.7% from Q1 '26
Active listings
80
+57% from Q1 '26
Homes sold
37
+76% from Q1 '26
New pendings
59
+84% from Q1 '26
New listings
67
+56% from Q1 '26

Quarterly Pricing Trends for Summit

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Summit Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $1.2M Median sale price in Jul 2021 - Sep 2021: $1000K Median sale price in Oct 2021 - Dec 2021: $921K Median sale price in Jan 2022 - Mar 2022: $899K Median sale price in Apr 2022 - Jun 2022: $1.3M Median sale price in Jul 2022 - Sep 2022: $1.2M Median sale price in Oct 2022 - Dec 2022: $891K Median sale price in Jan 2023 - Mar 2023: $940K Median sale price in Apr 2023 - Jun 2023: $1.4M Median sale price in Jul 2023 - Sep 2023: $1.2M Median sale price in Oct 2023 - Dec 2023: $1.1M Median sale price in Jan 2024 - Mar 2024: $1.3M Median sale price in Apr 2024 - Jun 2024: $1.4M Median sale price in Jul 2024 - Sep 2024: $1.3M Median sale price in Oct 2024 - Dec 2024: $1.2M Median sale price in Jan 2025 - Mar 2025: $1.4M Median sale price in Apr 2025 - Jun 2025: $1.4M Median sale price in Jul 2025 - Sep 2025: $1.5M Median sale price in Oct 2025 - Dec 2025: $1.5M Median sale price in Jan 2026 - Mar 2026: $1.3M Median list price in Apr 2021 - Jun 2021: $977K Median list price in Jul 2021 - Sep 2021: $850K Median list price in Oct 2021 - Dec 2021: $835K Median list price in Jan 2022 - Mar 2022: $1.2M Median list price in Apr 2022 - Jun 2022: $1.2M Median list price in Jul 2022 - Sep 2022: $890K Median list price in Oct 2022 - Dec 2022: $749K Median list price in Jan 2023 - Mar 2023: $1.3M Median list price in Apr 2023 - Jun 2023: $1.2M Median list price in Jul 2023 - Sep 2023: $863K Median list price in Oct 2023 - Dec 2023: $1.3M Median list price in Jan 2024 - Mar 2024: $1.2M Median list price in Apr 2024 - Jun 2024: $1.2M Median list price in Jul 2024 - Sep 2024: $1M Median list price in Oct 2024 - Dec 2024: $1.1M Median list price in Jan 2025 - Mar 2025: $1.2M Median list price in Apr 2025 - Jun 2025: $1.4M Median list price in Jul 2025 - Sep 2025: $1.4M Median list price in Oct 2025 - Dec 2025: $1.3M Median list price in Jan 2026 - Mar 2026: $1.4M Apr 2021 - Jun 2021 Median sale price $1.2M Median list price $977K Jul 2021 - Sep 2021 Median sale price $1000K Median list price $850K Oct 2021 - Dec 2021 Median sale price $921K Median list price $835K Jan 2022 - Mar 2022 Median sale price $899K Median list price $1.2M Apr 2022 - Jun 2022 Median sale price $1.3M Median list price $1.2M Jul 2022 - Sep 2022 Median sale price $1.2M Median list price $890K Oct 2022 - Dec 2022 Median sale price $891K Median list price $749K Jan 2023 - Mar 2023 Median sale price $940K Median list price $1.3M Apr 2023 - Jun 2023 Median sale price $1.4M Median list price $1.2M Jul 2023 - Sep 2023 Median sale price $1.2M Median list price $863K Oct 2023 - Dec 2023 Median sale price $1.1M Median list price $1.3M Jan 2024 - Mar 2024 Median sale price $1.3M Median list price $1.2M Apr 2024 - Jun 2024 Median sale price $1.4M Median list price $1.2M Jul 2024 - Sep 2024 Median sale price $1.3M Median list price $1M Oct 2024 - Dec 2024 Median sale price $1.2M Median list price $1.1M Jan 2025 - Mar 2025 Median sale price $1.4M Median list price $1.2M Apr 2025 - Jun 2025 Median sale price $1.4M Median list price $1.4M Jul 2025 - Sep 2025 Median sale price $1.5M Median list price $1.4M Oct 2025 - Dec 2025 Median sale price $1.5M Median list price $1.3M Jan 2026 - Mar 2026 Median sale price $1.3M Median list price $1.4M
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
14
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Summit’s rolling three-month data points to solid price growth compared with a year ago. The typical home value is up about 6% year over year, while the median list price has climbed roughly 10%. Homes are still selling for strong premiums, with the average sale-to-list ratio above 110% and more than 80% of recent sales closing above the asking price.

Looking at the latest rolling period ending in May 2026, supply is tight even as listing activity has cooled from last year. Months of supply is down about half year over year to just 1.7 months, underscoring limited inventory relative to demand. New listings and pending sales have each fallen by roughly one‑third compared with a year ago, yet homes that do hit the market tend to move quickly, with a median of 12 days on market and more than half going off-market in two weeks.

Taken together, these trends show a clear seller’s market where well-priced homes attract strong offers in a short time frame. Buyers face fewer choices and may need to be decisive and competitive on price, while sellers can often command favorable terms if they prepare and price correctly. Agent Pronto can connect both buyers and sellers with an experienced Summit agent who understands these conditions and can guide them through the process confidently.



Learn more about what Summit has to offer.

Summit offers residents a welcoming, close-knit community with top-notch schools, abundant green spaces, a vibrant downtown, and easy access to regional amenities, all contributing to a high quality of life.

Summit immediately stands out from nearby commuter towns like Millburn and Westfield with its walkable downtown, strong arts presence, and easy rail access to New York City. The compact center is filled with independent shops, restaurants, and cafés, anchored by venues like The Summit Playhouse and the Visual Arts Center of New Jersey, which give residents a steady calendar of performances, classes, and exhibitions.

Families are drawn to Summit for its highly regarded public schools, including Summit High School, as well as recreation options such as Memorial Field and Briant Park. The Summit Free Public Library serves as a true community hub, hosting events for all ages. For commuters, NJ Transit’s Summit Station and easy access to New Providence and Short Hills expand options for work and leisure.

Housing in Summit ranges from historic homes near downtown to quieter streets closer to neighboring Chatham. Inventory can move quickly, and pricing varies by proximity to schools, transit, and parks. Whether you are preparing to list your current home or hope to secure the right property in a competitive market, timing and strategy matter. Agent Pronto can connect both buyers and sellers with a Summit real estate professional who understands local trends and how to prepare for a successful move.

Find your Summit real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“I would recommend Lisa in a heartbeat. She listened and truly had my wants and needs as a top priority. She also made sure I didn't end up homeless or in an uncomfortable situation.”

Suzanne Wicker · Manchester, NJ

Photo of Lisa Ball
Century 21 Solid Gold Realty
“Selling my condo felt overwhelming at first, but working with Tina Torres made the entire process smooth and successful from start to finish. Her professionalism, knowledge, communication and dedication were truly outstanding. Tina was always available to answer questions, kept me informed every step of the way and worked incredibly hard to make sure everything stayed on track. Thanks to her expertise, my condo sold quickly and the Closing process went smoothly. What stood out the most was how much Tina genuinely cared about me as a client, not just about making a sale. I always felt supported, respected and confident that I was in the best hands possible. I couldn't have asked for a better experience and would highly recommend Tina Torres to anyone buying or selling a home. She is truly one of the best realtors out there!!”

Michelle Cruz · Elizabeth, NJ

Photo of Tina  Torres
RE/MAX Lifetime Realtors
“Juia is the ultimate orifessional. She was extremely helpful in guiding me through the process of both buying my condo and selling my house. She was very patient with getting me the information I needed even though I may have forgotten or lost the information.”

Jack Ascensao · Wharton, NJ

Photo of Julia Torsiello
Century 21 Christel Realty
“Vesna is a top notch Broker and will always stick to her in the future and will also recommend her to anyone who needs real estate broker”

Marcin Wiercioch · Pearl River, NY

Photo of Vesna Kanacki
Century 21 Elite Realty
“It was a pleasure to work with Eugene while selling my mom's house! I knew it would not be an enjoyable process, but he helped make it as easy as possible.”

Jay Trembulak · Garwood, NJ

Photo of Eugene Wisniewski
Century 21 Supreme Realty
“Rob did well in preparing us for the sale. He understood our needs and time restraints we were under. Whenever we call him, he either anwsered at once or returned the call ASAP. He kept us in the loop at all times, providing an understanding of the next steps. Robert was professional at all times.”

Ray and Linda · Wayne, NJ

Photo of Robert Galvan
Prominent Properties Sotheby's International Realty
“To whom it my concern, It is our immense pleasure to recommend Viola Salvato as a real estate agent for any individual or family searching for the ideal home. Viola had an initial meeting with us regarding our specific needs in a home as well as our budgetary limits. She is highly talented and immediately found us numerous listings of homes. She did not waste our time with homes that were not in line with our needs. Viola is a master with contract negotiation she came up with a deal that was good for us as well as making the seller happy. She knows the area like the back of her hand and there is nothing that escapes her attention when it comes to properties for sale in this area. We found Viola to be a highly attentive agent, almost as if we were her only customers, although we know that was not the case. She returned all phone calls and emails the same day. We never felt neglected or unimportant. She also is highly personable with an engaging personality. She is hands down the best!”

Scott Wilberg ·

Photo of Vi Salvato
Iowa Realty
“Tuve una experiencia muy agradable buscando casa asta que la encontramos le agradezco muchísimo a Rosse Méndez que Dios la bendiga”

Jairo Veliz · Newton, NJ

Photo of Rosse Mary Mendez
Keller Williams Metropolitan
“Travis is the best. He loves his job.”

Gifty L. · New Windsor, NY

Photo of Travis Waller
eRealty Advisors
“The agent demonstrated a considerable amount of experience and knowledge throughout the sale.”

Ibanga U. · Trenton, NJ

Photo of Paul & Kamila Hummel
Action USA Jay Robert Realtors
“Cathleen was helpful and responsive!”

Robert D H. · Flemington, NJ

Photo of Cathleen Henriquez-Ali
Coldwell Banker Realty
“Very professional and knowledgeable.... always available and excellent response time.”

Grace P. · Lakewood, NJ

Photo of Charles Howard
Century 21 Solid Gold Realty, LLC
“Martin's support and guidance made possible the sale of my property in very challenging circumstances. His professional demeanor was critical to land the closing.”

Antonio T. · North Bergen, NJ

Photo of Martin Bianchi
Compass
“Michael was very experienced and professional. He assisted me from the start in determining the best-selling price and provided council and insight throughout the process. He maintained excellent communication with me and all parties involved. Not only that, but he also followed up at the end to assure my satisfaction.”

Robert D. · Manchester Township, NJ

Photo of Michael Harbord
1st First Class Real Estate Agency
“Our experience with Bruno Melé was excellent! He did an outstanding work all the time and the sale of our home was smooth and efficient. Thank you! ”

Ana G. · Irvington, NJ

Photo of Bruno Mele
Liberty Realty
“I highly recommend Sharif and Co. The whole team was professional and sold my home quickly and above asking price.”

Tanika B. · Ewing Township, NJ

Photo of Team Sharif Sells
EXP REALTY LLC
“My agent was Lucy Phelan at Keller Williams, and I had a great experience working with both Lucy and her brother Richard. Both had provided me with their expert advice, they would take extra steps to educate you and walk you thru the home shopping process. They would work on my schedule, try their best to answer all my questions and would point me to the right direction when I was looking for the lender, inspector, lawyer, etc. As a home buyer in this "Bidding War" market, most of my offers were turned down; however, both Lucy and Rich have continuously provided me encouragement to keep trying and looking. I cannot remember how many houses we have looked together...and when I was not able to look at the houses in person, they would video call me to conduct a virtual home showing. In general, they are exceptionally good with people skill, nice/friendly people to talk with and they show care on other things then just home buying. I would like to work with them again in the future and would recommend them to any home buyer/seller.”

Gary Y. · Matawan, NJ

Photo of Lucy Phelan
Keller Williams Elite, Realtors
“Keith Bochner had the same vision as I did. He was there every step of the way and went far and above what was expected. Extremely knowledgeable in the field and guided me correctly all the way. Keith is a true professional. I highly recommend his services!”

Linda A. · Cedar Grove, NJ

Photo of Keith Bochner
Coldwell Banker
“Audra Loccisano worked closely with my siblings and I to sell our parents’ house. She really knew the local Rahway market, as well as needed services and the city building ordinances. Audra had great interpersonal skills, too, and kept in constant communication. And she was especially expert at pricing strategy and negotiations. We were all very satisfied with Audra’s services, with a fast sale at a better than expected price. We can recommend her without reservation.”

Catherine Peich · Rahway, NJ

Photo of Audra Loccisano
RE/MAX Select
“Highly recommended Sarah Picarello.”

Roman · Marlboro Township, NJ

Photo of The Pappone Group
RE/MAX Remax Central

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Summit. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.