Tucked away in Union County sits the thriving city of Summit New Jersey. With high per-capital income, one of the highest in the county, Summit is an affluent community that has much to offer its residents. A PATH subway that takes residents directly to Manhattan supports Summit’s growing popularity as a suburban destination for those who work in New York City. In addition, the New Jersey Transit offers service to Newark. These two opportunities make homes for sale in Summit NJ an excellent choice for those who live and work in these major cities.
Real estate available for sale in the Summit area appeals to some of the region's most affluent buyers. Not surprisingly, homes for sale in Summit NJ sold for high prices throughout 2013 ranging from $620,000 for a 3 bedroom home to $970,000 for a four bedroom and $1.5 million to $4 million plus for a 5-10+ bedroom home.
The average selling price of homes for sale in Summit NJ was $966,000 during 2013 with the majority of homes selling for close to their listing price. This was up 5.8% from 2012, which saw an average selling price of $913,000.
Because of the high demand for the spacious homes in this area, homes for sale in Summit NJ sell quickly. Summit NJ homes stayed on the market for an average of just 52 days during 2013 compared to 58 days during 2012. The Summit NJ real estate market also saw a rise in number of home sales during 2013. A total of 283 homes were sold in 2013 compared to 261 in 2012.
Buyers in the market for homes for sale in Summit NJ will find a range of options available to them. The community is known for its sprawling mansion-like estates, but additional options, including historic colonial-inspired properties and even condos and apartments near the center of town, are also available.
Those shopping for homes for sale in Summit NJ need the right real estate team on their side to ensure that the process goes as smoothly as possible. The shared passion of Joanna Parker-Lentz and Jodi Rubenstein comes together to help today's buyers and sellers find success in the New Jersey real estate market. The personal touch of this team of real estate professionals brings phenomenal success to their clients. Contact them today at Coldwell Banker in Short Hills to get personal attention on your Summit New Jersey real estate buying or selling experience.
The data relating to real estate for sale on this website 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.
Notice: The dissemination of listings on this website 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.
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Listing information last updated on May 29th, 2017 at 3:22am EDT.