Union County, New Jersey
Summit
Premier downtown. Elite schools. Direct NJ Transit access to Midtown.
Summit competes at the premium end of the market, and the data backs it up. With an average residential sale price of about $1.61M per 2025 NJ Treasury data and an effective tax rate of 1.475% — lower than Ridgewood and Ho-Ho-Kus despite the higher price point — Summit tends to justify its premium through a combination of direct Manhattan rail access, a strong downtown, and school ratings that hold up well in direct comparisons at 9/10 on GreatSchools. Demand here is consistent and well-diversified across buyer profiles, which gives the market resilience. Sellers in Summit typically benefit from a buyer pool that's doing fewer concessions and moving with more conviction than in softer suburban markets.
Based on 2025 NJ Treasury data, the average residential sale price in Summit was about $1.61M with an average annual tax bill of $19,700 and an effective rate of 1.475%. GreatSchools rates top public schools at 9/10. Summit is the only Union County market in Sarah's coverage area, and it stands apart: a true destination downtown, direct service on NJ Transit's Morristown Line, and consistently strong buyer demand. On this page, we also track median lot size, sold price per square foot, tax per square foot, and time on market to help buyers compare towns more intelligently.
Market Snapshot
Summit by the Numbers
Avg. Sale Price
$1.61M
2025 NJ Treasury
Avg. Annual Tax
$19,700
2025 NJ Treasury
Tax Rate
1.475%
avg. effective
GreatSchools
9 / 10
top public rating
Median Lot Size
Updating quarterly
Sold $/SF
Updating quarterly
Tax $/SF
Updating quarterly
Median Days on Mkt
Updating quarterly
Sale-to-List Ratio
Updating quarterly
% Public Sewer
Updating quarterly
Avg. sale price and tax figures from 2025 NJ Treasury data. GreatSchools ratings current as of Q1 2025. Median lot size, sold $/SF, tax $/SF, DOM, sale-to-list ratio, and utility data update quarterly via NJMLS. All figures are informational estimates and should not be relied upon as appraisals or investment advice.
Market Intelligence
Compare Towns Side by Side
Bergen County figures are medians from public tax records (April 2026 export). Summit uses prior Treasury summaries for rough context. No school ratings — ask your agent for current district information.
Allendale
ZIP 07401 · median residential parcel data (April 2026).
NJ municipal tax records — Class 2 residential; median sale 2022–2026 arm's-length.
Franklin Lakes
ZIP 07417 · median residential parcel data (April 2026).
NJ municipal tax records — Class 2 residential; median sale 2022–2026 arm's-length.
▲ highlights the lower value on price/tax metrics and the higher value on size metrics (not investment advice). Tax figures from public records — verify the current levy with the municipality. Lot sizes vary; verify with survey. Market data is for informational purposes only and is subject to change.
Ready to make your move?
Thinking about buying or selling in Summit?
Sarah has deep roots in Summit and the surrounding Northern New Jersey market. Let's talk.
Homes for sale in Summit
Showing active listings from the New Jersey MLS feed (subject to refresh cycle).
No active listings returned for this town in the current feed, or RETS is not yet configured. Try the main search or contact Sarah.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate of Northern New Jersey are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.
Some properties listed with the participating brokers do not appear on this website at the request of the seller.
Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. Last date updated: 04/19/2026.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.
Free Home Valuation
Own a home in Summit?
Get a free preliminary estimate with comparable sales — informed by a contractor's eye.
Get My Free Estimate →