House Prices & Home Values Summit, NJ 2026
Average Data
| average house price | $680,780 |
| average size per house | 1944 ft² |
| average price per ft² | 351 $ / ft² |
05/21/2026 -
The value range (VR) for house prices in Summit, NJ is $447/ sqft to $447/ sqft. An average home with 1944 sqft costs approximately $868,968 to $868,968. Summit, NJ includes 1 ZIP codes and it is located in Union county.
The lowest prices are found in ZIP 07901, while the highest are in ZIP 07901. The average price per sqare feet is $351. Our analysis is based on 55 property listings.
Avergage prices by ZIP codes Summit
House prices by neighborhoods in Summit
Historical development of home values in Summit
| Year |
Estimated value (USD) |
Change vs. 2025 |
| 2010 |
$316,167 |
-53.6% |
| 2011 |
$303,940 |
-55.4% |
| 2012 |
$303,122 |
-55.5% |
| 2013 |
$314,452 |
-53.8% |
| 2014 |
$330,088 |
-51.5% |
| 2015 |
$347,029 |
-49.0% |
| 2016 |
$365,140 |
-46.4% |
| 2017 |
$384,848 |
-43.5% |
| 2018 |
$406,124 |
-40.3% |
| 2019 |
$424,955 |
-37.6% |
| 2020 |
$446,924 |
-34.4% |
| 2021 |
$508,327 |
-25.3% |
| 2022 |
$592,596 |
-13.0% |
| 2023 |
$624,919 |
-8.2% |
| 2024 |
$661,072 |
-2.9% |
| 2025 |
$680,780 |
0.0% |
Graph: estimated home values in Summit over time (USD)
Example: 100% financing house in Summit
Loan amount:
$680,780
Interest rate:
6.00%
Fixed monthly payment:
$4,081.62
Breakdown in the 1st month:
Interest portion:
$3,403.90 –
Principal portion:
$677.72
Yearly breakdown (100% financing)
| Year |
Interest per year ($) |
Principal per year ($) |
Remaining balance at year-end ($) |
| 1 |
$40,619.38 |
$8,360.06 |
$672,419.94 |
| 2 |
$40,103.75 |
$8,875.69 |
$663,544.25 |
| 3 |
$39,556.32 |
$9,423.12 |
$654,121.13 |
| 4 |
$38,975.12 |
$10,004.32 |
$644,116.81 |
| 5 |
$38,358.08 |
$10,621.36 |
$633,495.45 |
| 6 |
$37,702.98 |
$11,276.47 |
$622,218.98 |
| 7 |
$37,007.47 |
$11,971.97 |
$610,247.01 |
| 8 |
$36,269.06 |
$12,710.38 |
$597,536.63 |
| 9 |
$35,485.11 |
$13,494.33 |
$584,042.31 |
| 10 |
$34,652.81 |
$14,326.63 |
$569,715.68 |
| 11 |
$33,769.18 |
$15,210.26 |
$554,505.42 |
| 12 |
$32,831.04 |
$16,148.40 |
$538,357.02 |
| 13 |
$31,835.04 |
$17,144.40 |
$521,212.62 |
| 14 |
$30,777.62 |
$18,201.82 |
$503,010.80 |
| 15 |
$29,654.97 |
$19,324.47 |
$483,686.32 |
| 16 |
$28,463.08 |
$20,516.36 |
$463,169.96 |
| 17 |
$27,197.67 |
$21,781.77 |
$441,388.19 |
| 18 |
$25,854.22 |
$23,125.22 |
$418,262.97 |
| 19 |
$24,427.91 |
$24,551.53 |
$393,711.43 |
| 20 |
$22,913.62 |
$26,065.82 |
$367,645.61 |
| 21 |
$21,305.94 |
$27,673.50 |
$339,972.11 |
| 22 |
$19,599.10 |
$29,380.34 |
$310,591.77 |
| 23 |
$17,786.98 |
$31,192.46 |
$279,399.31 |
| 24 |
$15,863.10 |
$33,116.34 |
$246,282.97 |
| 25 |
$13,820.56 |
$35,158.88 |
$211,124.09 |
| 26 |
$11,652.03 |
$37,327.41 |
$173,796.68 |
| 27 |
$9,349.76 |
$39,629.68 |
$134,167.00 |
| 28 |
$6,905.49 |
$42,073.95 |
$92,093.05 |
| 29 |
$4,310.46 |
$44,668.98 |
$47,424.07 |
| 30 |
$1,555.37 |
$47,424.07 |
$0.00 |
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment
over the entire term. Extra payments, interest rate changes, and additional purchase costs
(e.g. taxes, notary fees) are not included.
How to sell in Summit, NJ
| 1500 sqft | 3900 sqft |
| Ø selling price | $637,065 | $1,355,211 | | Ø fast selling | $579,150 | $1,219,690 | | Ø high price sale | $694,980 | $1,490,733 |
In 2026, houses in Summit, NJ will be offered at an average price of $351 per square foot. A 1,500 sqft home priced at $637,065 is 22.68% more expensive per square foot than a 3,900 sqft home priced at $1,355,211.
Home prices in Summit, NJ vary significantly depending on the neighborhood and location.
For a quick sale, a 2,700 sqft home should be listed at around $938,224.
Sellers who can wait longer may achieve a higher price of up to $1,146,718.
Discover Summit, NJ
Community and Lifestyle
Summit, NJ is a vibrant suburban city in Union County known for its walkable downtown and tree-lined neighborhoods.
Commuters value the direct NJ Transit train service to New York City, making Summit a strategic base for work and play.
The charming downtown features boutique shopping, acclaimed restaurants, and year-round community events that draw visitors from across New Jersey.
Families are attracted by top-rated public schools, active youth programs, and abundant parks including the Reeves-Reed Arboretum.
Outdoor enthusiasts enjoy nearby Watchung Reservation trails, seasonal farmers markets, and scenic streets perfect for cycling.
Economy, Culture, and Housing
Healthcare access is anchored by Overlook Medical Center, a major regional hospital with specialized services.
A thriving arts and culture scene includes galleries, live theater, and public art that add character to Summit?s historic architecture.
The local economy blends independent retailers with global firms, while an engaged Chamber of Commerce supports entrepreneurs and small businesses.
Homebuyers find a diverse real estate mix from classic Victorians to modern condos, all within minutes of parks, schools, and transit.
Whether you?re visiting for a weekend or planning a move, Summit, NJ delivers small-town warmth with big-city convenience.
FAQ – Home Values in Summit
What is the median home value in Summit in 2026?
In 2026, the typical home value in
Summit is about
$680,780 for an average home size of
1944 square feet. This corresponds to an average
price of roughly $351 per square foot.
What is the average cost per square foot in Summit?
In 2026, homes in
Summit sell for an average of around
$351 per square foot, with a typical range
between $447 and
$447 per square foot, depending on the property’s
location, condition, and lot size.
What is the average home size in ?
The average home size in Summit is about
1944 square feet, with an estimated
2026 value around
$680,780.
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