"I love living and working in Summit, NJ. I own a shop in Summit and live on the Summit/New Providence border. Downtown Summit has so much to offer. There is very easy access to delightful and creative shops (including mine, Badawang Art) casual and fine restaurants both, and of course, all the necessities such as banks, services, and entertainment options are only a few of the amenities. I can walk or drive to all of these, or I can take the train to New York seven days a week right from Summit. The community is diverse and always changing. Summit has beautiful homes, a well maintained downtown, easy access to all the surrounding suburbs, New York City and the Jersey Shore."
Carol Schoffman, Badawang Art, Summit, NJ
Summit, is many other things, among them it is the birthplace of Meryl Streep. There are large, stately period homes and smaller, charming homes as well. There are a variety of condos and townhouses in Summit - for a more carefree lifestyle.
Because of its very fine schools, vibrant downtown village center, winding tree-lined streets, and, its proximity and ease of getting to Jersey City and New York on the Midtown Direct, Summit remains a desirable community in which to live and own a home in spite of the economy. Even in times of economic downturn, the down part is gentler here.
The cost of living is farily high, but Summit delivers big on services and opportunities. With nearly 8,000 households with average incomes of $191,444, this is an affluent community.
Summit NJ Real Estate Statistics:
- Number of Summit NJ homes sold are up 27% over last year!
261 homes sold in Summit NJ in 2012 - 206 homes sold in 2011
- Average home sales price in Summit NJ is $913,105, up from 2011 where the average sale price was $905,112
- Average days on market for homes in Summit NJ went down from 70 to only 58 days
|In 2009, 221 homes were sold in Summit NJ, for a total dollar volume of $206 million. The average home sales price in 2009: $932,126. In 2008: $970,365; In 2007: $1,129,397.|
If you’re thinking of moving or relocating to New Jersey and would like to access demographic and school reports for Summit, NJ, Click Here.
For a more personal look at what it's like to live in Summit, Westfield, New Providence, Short Hills, Millburn, Chatham or any of the best towns and communities in Union & Morris or Essex Counties contact us. We are experienced, professional, local Realtors and available to talk with you about the community and your questions about Summit homes for sale, investment property, new construction homes, historic houses and estates, Summit condos and townhomes and Summit real estate. Contact us via cell or text at 201-960-2090
Summit NJ Real Estate Market Update
| Summit Homes Sold||Avg List Price || Avg Sales Price||List to Sales Price % ||Avg DOM|
|2012||261 ||$1,067,231||$913,105||97% ||58|
|2011||206||$947,846 ||$905,112 ||96% ||70|
©2015 Patrizia Giassa All information deemed reliable, but not guaranteed, subject to errors & omissions. Sales Data from Garden State MLS.