$1.7M
16.7% Y-o-Y
$244K Y-o-Y
Summit, NJ Housing Market Trends
Market Overview for Q3 2026
$706
2.9% Y-o-Y
$20 Y-o-Y
55
-38.2% Y-o-Y
-34 Y-o-Y
$648K
16% Y-o-Y
$92K Y-o-Y
Summit, NJ Median Sale Price
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $865,000 | $1,250,000 | $1,055,000 | $891,000 |
| 2023 | 0 | $1,450,000 | $1,080,000 | $999,000 |
| 2024 | 0 | $1,152,000 | $1,325,000 | 0 |
| 2025 | 0 | $1,266,000 | $1,460,000 | $1,377,000 |
| 2026 | 0 | $1,600,000 | $1,704,000 |
Summit, NJ Median Sale Price/Sq. Ft.
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $442 | $529 | $485 | $428 |
| 2023 | 0 | $558 | $537 | $506 |
| 2024 | 0 | $586 | $570 | 0 |
| 2025 | 0 | $641 | $686 | $654 |
| 2026 | 0 | $697 | $706 |
Real Estate Transactions in Summit, NJ
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | 64 | 127 | 112 | 68 |
| 2023 | 0 | 97 | 75 | 53 |
| 2024 | 0 | 80 | 86 | 0 |
| 2025 | 0 | 89 | 89 | 62 |
| 2026 | 0 | 69 | 55 |
Union County Median Sale Price
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $450,000 | $520,000 | $520,000 | $489,000 |
| 2023 | $490,000 | $550,000 | $565,000 | $540,000 |
| 2024 | $550,000 | $600,000 | $625,000 | $592,000 |
| 2025 | $600,000 | $654,000 | $650,000 | $620,000 |
| 2026 | $630,000 | $690,000 | $700,000 |
Summit, NJ Median Sale Price
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $865,000 | $1,250,000 | $1,055,000 | $891,000 |
| 2023 | 0 | $1,450,000 | $1,080,000 | $999,000 |
| 2024 | 0 | $1,152,000 | $1,325,000 | 0 |
| 2025 | 0 | $1,266,000 | $1,460,000 | $1,377,000 |
| 2026 | 0 | $1,600,000 | $1,704,000 |
Summit, NJ Median Sale Price/Sq. Ft.
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $442 | $529 | $485 | $428 |
| 2023 | 0 | $558 | $537 | $506 |
| 2024 | 0 | $586 | $570 | 0 |
| 2025 | 0 | $641 | $686 | $654 |
| 2026 | 0 | $697 | $706 |
Real Estate Transactions in Summit, NJ
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | 64 | 127 | 112 | 68 |
| 2023 | 0 | 97 | 75 | 53 |
| 2024 | 0 | 80 | 86 | 0 |
| 2025 | 0 | 89 | 89 | 62 |
| 2026 | 0 | 69 | 55 |
Union County Median Sale Price
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | $450,000 | $520,000 | $520,000 | $489,000 |
| 2023 | $490,000 | $550,000 | $565,000 | $540,000 |
| 2024 | $550,000 | $600,000 | $625,000 | $592,000 |
| 2025 | $600,000 | $654,000 | $650,000 | $620,000 |
| 2026 | $630,000 | $690,000 | $700,000 |
Summit, NJ Housing Stock
Property Type
Units
Union County: Demographics
Total population
22,705
Median age
41.8
No high school education
2.7%
Some high school/college
15.0%
Bachelor's degree
36.2%
Average household income
$306,473
Occupied housing units
8,341
Owner-occupied units
68.3%
Renter-occupied units
31.7%
Median year structure built
1953
Discover Housing Market Trends in Other Cities
#
City
Median Sale Price