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Summit, NJ Real Estate & Property Data

Summit Real Estate Market Trends

Last Updated: October 04, 2025

Accurate and comprehensive real estate data is critical for insight into Summit, NJ 07901. ATTOM’s Summit real estate data is updated daily, and current market trends show that in Summit, NJ a total of 323 residential properties have sold over the past year. With a median home price of $1,160,000 in Summit. Get detailed property data for Summit, NJ instantly. ATTOM is your one-stop-shop for the Summit property reports and real estate data you need in Summit, NJ.

Summit Real Estate Market Trends

Get property data for any address in Summit, NJ or the country:

Total Residential Properties 6,608

Total Commercial Properties 348

Avg. Home Age (Single Family Home) 76 Years

Avg. Square Feet (Single Family Home) 2,536

Total 2025 Residential Sales (year-to-date) 159

% of Homes Seriously Underwater (Q4 2025) 0.59%

Total 2024 Residential Sales 262

% of Equity Rich Homes (Q4 2025) 41.64%

Effective 2024 Property Tax 1.14%

Total Foreclosure Filings (year-to-date) 3

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Summit, NJ 07901 Real Estate Overview

There were 323 residential properties sold in the past year in Summit, NJ 07901. The median home value in Summit, NJ 07901 is $1,189,000. There are a total of 6,608 residential properties in the 07901.

Median Sales Price i

$1,160,000

(Jul 2025)

-13.1%

year-over-year

y-o-y

July '25 Jul '25 $1,160,000
June '25 Jun '25 $1,862,500
May '25 May '25 $1,375,000
April '25 Apr '25 $1,770,500
March '25 Mar '25 $1,025,000
February '25 Feb '25 $1,549,000
January '25 Jan '25 $1,465,000
December '24 Dec '24 $985,313
November '24 Nov '24 $1,137,500
October '24 Oct '24 $980,000
September '24 Sep '24 $1,570,000
August '24 Aug '24 $1,300,000

Median Down Payment i

$313,000

(Jul 2025)

-9.3%

year-over-year

y-o-y

July '25 Jul '25 $313,000
June '25 Jun '25 $460,000
May '25 May '25 $275,300
April '25 Apr '25 $454,500
March '25 Mar '25 $441,200
February '25 Feb '25 $320,000
January '25 Jan '25 $340,900
December '24 Dec '24 $203,000
November '24 Nov '24 $400,000
October '24 Oct '24 $264,000
September '24 Sep '24 $367,109
August '24 Aug '24 $355,000

Number of Homes Sold i

30

(Jul 2025)

-3.2%

year-over-year

y-o-y

July '25 Jul '25 30
June '25 Jun '25 33
May '25 May '25 30
April '25 Apr '25 14
March '25 Mar '25 20
February '25 Feb '25 10
January '25 Jan '25 22
December '24 Dec '24 25
November '24 Nov '24 16
October '24 Oct '24 27
September '24 Sep '24 23
August '24 Aug '24 42

Number of Purchase Loans i

17

(Jul 2025)

-26.1%

year-over-year

y-o-y

July '25 Jul '25 17
June '25 Jun '25 33
May '25 May '25 24
April '25 Apr '25 10
March '25 Mar '25 16
February '25 Feb '25 11
January '25 Jan '25 15
December '24 Dec '24 21
November '24 Nov '24 11
October '24 Oct '24 20
September '24 Sep '24 19
August '24 Aug '24 31

Number of REFI Loans i

6

(Jul 2025)

-40%

year-over-year

y-o-y

July '25 Jul '25 6
June '25 Jun '25 14
May '25 May '25 11
April '25 Apr '25 11
March '25 Mar '25 9
February '25 Feb '25 5
January '25 Jan '25 8
December '24 Dec '24 15
November '24 Nov '24 12
October '24 Oct '24 11
September '24 Sep '24 5
August '24 Aug '24 8

Number of HELOC Loans i

10

(Jul 2025)

+25%

year-over-year

y-o-y

July '25 Jul '25 10
June '25 Jun '25 16
May '25 May '25 14
April '25 Apr '25 11
March '25 Mar '25 14
February '25 Feb '25 6
January '25 Jan '25 15
December '24 Dec '24 9
November '24 Nov '24 11
October '24 Oct '24 13
September '24 Sep '24 9
August '24 Aug '24 9

Summit, NJ 07901 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2
3

Summit, NJ 07901 Foreclosure Activity

Total Foreclosure Filings i

July '25 Jul '25 N/A
June '25 Jun '25 1
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A

Foreclosure Starts i

July '25 Jul '25 N/A
June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A

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