August, 2019

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Buyers Market or Sellers Market?

With inventory less than 5 months supply, Summit is in a Sellers Market. There is currently 2.0 months supply on the market.

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2018 Average Sales Price: $1,145,241

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Market Snapshot

Summit, NJ - Past 6 Months
# of Bedrooms# of SalesAverage Sales PriceMedian Sales PriceAverage Days on MarketSales Price to List PriceSales Price to Original List Price
11$220,000$220,00010996%96%
211$435,045$400,0004597%94%
329$666,259$620,0003999%97%
427$977,096$950,0004698%96%
5+35$1,643,343$1,450,0006396%93%
TOTAL:103$1,050,734$875,0005097%95%

Last Month’s Sales

Summit, NJ - There were 14 sales in December 2018
TownAddressList PriceProperty TypeBedroomsBathroomsGarageBasementSales PriceDays on Market
Summit City390 MORRIS AVE UNIT 23$320,000OneFloor211N$290,00099
Summit City19 VAN DYKE PL$350,000Colonial211Y$340,00094
Summit City133 SUMMIT AVE$425,000OneFloor211Y$380,00081
Summit City101 W END AVE$665,000Colonial321Y$620,000114
Summit City31 W END AVE$729,000Colonial321Y$729,0009
Summit City7 FREMONT RD$798,000Tudor43.12Y$975,7007
Summit City27 Shadyside Ave$799,000Victrian322Y$892,0009
Summit City16 Ashland Rd$1,099,000Colonial54.12Y$1,060,000282
Summit City12 MIELE PL$1,148,000Colonial54.11Y$1,060,00085
Summit City142 KENT PL BLVD$1,249,000Tudor431Y$1,200,00060
Summit City130 BEECHWOOD RD$1,375,000Colonial63.11Y$1,309,00028
Summit City21 HIGH ST$1,499,000Colonial53.12Y$1,499,0009
Summit City15 Midland Ter$1,550,000Colonial64.11Y$1,450,00045
Summit City56 WHITTREDGE RD$2,195,000Colonial65.12Y$1,980,00014

Detailed Listing View

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[col3]ALL ACTIVE LISTINGS 2[/col3]
[col3]CLOSED SALES PAST 6 MONTHS[/col3]
[col3_last]QUESTIONS[/col3_last]

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FHPR Sample Report2 [/col3_last]
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