Market report, updated

Market Report

Search in the counties of Essex, Hunterdon, Mercer, and other counties, in the city of Summit City

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Report prepared by Courtneyorlandogroup.com
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Market at a glance

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $1.16M Sold · $1.31M
$2.2M$1.8M$1.4M$1M
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 26 sales in Jun. Last month: 15.

Where the market stands

All homes in this report, by status.

146homes
Active29 · 20%
Under contract1 · 1%
Sold (6 mo)116 · 79%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

1.5months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$1.89M
Under contract$1.75M
Sold$1.8M

Average days on market

Active68 days
Under contract5 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 29
Average list price $1,889,920 Based on 28 of 29 homes
Avg. days on market 68 days
Avg. price per ft² Not enough data
Avg. living area Not enough data
Avg. beds / baths 4.8 / 3.8

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

Not enough data to chart this.

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

4 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

67 Tulip St$810
54 Templar Way$631
36 Dale Dr$620
28 Mountain Ave$603
9 Canterbury Ln$582
67 New England Ave 69D$530
390 Morris Ave$493

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
133 Hobart RdSummit City, NJ 07901 74.2—$3,850,000—3 days
54 Templar WaySummit City, NJ 07901 67.18,696$5,495,000$6313 days
67 New England Ave 69DSummit City, NJ 07901 331,688$895,000$5307 days
57 Park AveSummit City, NJ 07901 ———$1,495,000—12 days
2 Glen AveSummit City, NJ 07901 54.1—$1,995,000—12 days
14 Park AveSummit City, NJ 07901 43—$1,199,999—12 days
57 Park AveSummit City, NJ 07901 105.1—$1,495,000—12 days
6 Cleveland RdSummit City, NJ 07901 43.1—$2,250,000—13 days
28 Mountain AveSummit City, NJ 07901 54.14,301$2,595,000$60317 days
83 W End AveSummit City, NJ 07901 55.1—$2,895,000—25 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.

Copyright 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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