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    488 Springfield Avenue
    Summit, NJ 07901

    ph. 973.376.0033
    fx. 973.376.1088

    How is the Summit NJ Housing Market?

    Thirty-eight homes have gone Under Contract
    in the past month in Summit, NJ…
    thus putting the Summit housing market about 19% behind
    2008 in number of home sales pending.
    Average list price of the 163 homes currently on the market
    is $1,187,509 (6% below 2008).

    What are the prices of the homes selling in Summit, NJ?

    8   Under $500,000
    2   $501,000-$600,000
    6   $601,000-$700,000
    4   $701,000-$800,000
    3   $801,000-$900,000
    3   $901,000-$999,999
    5   $1,000,000-$1,500,000
    3   $1,500,001-$1,999,999
    4   $2,000,000+

    Real Estate Market Chart by Altos Research www.altosresearch.com

     

    Why buy a home in Summit, NJ? NJ Magazine ranks Summit High School #20 in the state, the Midtown Direct Train Express puts you at Penn Station in twenty minutes and the vibrant downtown has shops/restaurants for your every need.

    Contact Perri K. Feldman to learn more about living in Summit, NJ 973.650.4727 or Perri@MidtownDirectHomes.com.

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