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Summit City Market Report

$1,312,094

AVERAGE PRICE OF 143 HOMES

$1,793,124

AVERAGE PRICE OF 80 MULTI-MILLION DOLLAR HOMES

$1,288,780

AVERAGE PRICE OF 5 HOMES WITH A POOL

$1,123,000

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $1,312,094
Avg Bedrooms 4.27 beds
Avg Bathrooms 3.91 baths

Average Price by Bedrooms

1 bedroom $315,000
2 bedrooms $543,000
3 bedrooms $801,326
4 bedrooms $1,097,360
5 bedrooms $1,449,373
Summit City Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 144 110 86 76 61
Average Price $1,339,744 $1,353,354 $1,445,764 $1,398,997 $1,253,209
Avg Price Change -1.02% -6.83% +3.34% +11.63% +0.43%
Median Price $1,182,274 $1,228,052 $1,366,998 $1,337,260 $1,208,333
Med Price Change -3.87% -11.31% +2.22% +10.67% +12.73%
Avg Bedrooms 4.29 beds 4.27 beds 4.38 beds 4.19 beds 3.96 beds
Avg Bathrooms 3.97 baths 4.02 baths 4.24 baths 4.1 baths 3.88 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Lincoln-Hubbard 1 $329,000 52 days
Summit Hs 129 $1,332,369 59 days
Summit Ms 2 $1,260,000 48 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 143 $1,312,094 59 days
Multi-Million Dollar Homes 80 $1,793,124 63 days
Homes with a Pool 5 $1,288,780 82 days
Reduced Price Homes 13 $1,123,000 60 days
Re/Max New Millennium Group
1042 N. Broad St.
Hillside, NJ 07205
908-282-1234
Fax: 908-282-2003

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. 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. Information deemed reliable but not guaranteed. Copyright © 2019 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.