2013 Summit NJ Mid-Year Real Estate Sales Market Report
Temperatures are hot and so is the real estate market in Summit NJ!
Inventory is DOWN and prices are UP in New Jersey's
premier commuter community.
Home to a buslting downtown and Midtown Direct train line, providing a short commute to NYC, it's easy to see why Summit NJ is favorite place to call home.
Market Report:
- In June 2012 there were 155 homes for sale in Summit
- June 2013 has seen a 26% drop to 123 homes for sale
- One year ago the average sale price was $930,731 in Summit NJ
- This year the average sale price has climbed 10% to $1,037,427!
- Year to date, there have been 153 homes sold in Summit NJ, ranging from a 1 bedroom condo sold for $152,000 to an iconic Northside 6 bedroom home sold for $3,750,000!
Are you interested in buying or selling a home in Summit or the surrounding area? Now may be the right time! We are your local community experts, working and living in the towns we service. To find out at homes for sale in Summit, Chatham, Millburn and surrounding towns before they hit the market, call Trish.
201-960-2090
Complete Mid Year Real Estate Market Update for Morris, Essex, Somerset and Union counties here.
Summit NJ Demographics | Search MLS for Summit NJ area homes for sale
2013 Summit NJ Mid-Year Real Estate Sales Market Report
*Information supplied by the Garden State Multiple Listing Service. Deemed reliable, but not guarenteed. Subject to errors and ommissions.
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