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Murray Hill

SUMMIT, NJ 07901

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07901

Murray Hill

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SUMMIT, NJ real estate market (07901) currently shows 28 active listings, with 17 pending sales. Homes are averaging 18 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 18 days on market compared to 56 days last year.

The median listing price has risen 3.6% year-over-year, from $1,382,000 to $1,431,250.

Whether you are buying or selling in SUMMIT, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 24,281  ·  Density: 1,480.4/mi²  ·  Median household income: $170,275

Typical home value: $905,960  ·  Homeownership: 67.8%

Market Overview

Active Listings
28
⇩ 17.6% vs 34 last year
Pending
17
61% pending ratio
Median Price
$1,431,250
⇧ 3.6% vs $1,382,000 last year
Average Price
$1,608,316
⇩ 5.8% vs $1,706,844 last year
Days on Market
18
⇩ 67.9% vs 56 days last year

Price Per Square Foot

Median $/sqft
$809
⇧ 28.4% vs $630/sqft last year
Median Home Size
2,188 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 34 last year
  • Days on market: 18 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $1,431,250 (+3.6% YoY)
  • Average: $1,608,316 (-5.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.1 miles — 283 listings ($278,413,545 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07901Summit, NJ 079010.0 mi19$34,791,185$1,300,000$1,831,115
07092Mountainside, NJ 070922.3 mi10$10,106,040$999,000$1,010,604
07928Chatham, NJ 079282.6 mi22$45,096,348$1,895,000$2,049,834
07041Millburn, NJ 070413.5 mi9$9,526,500$1,200,000$1,058,500
07922Berkeley Heights, NJ 079224.2 mi19$18,317,159$787,500$964,061
07090Westfield, NJ 070904.5 mi31$39,987,954$1,223,940$1,289,934
07033Kenilworth, NJ 070334.8 mi17$11,400,659$649,999$670,627
07027Garwood, NJ 070274.9 mi10$8,349,750$784,950$834,975
07023Fanwood, NJ 070235.1 mi12$9,599,868$749,000$799,989
07083Union, NJ 070835.3 mi89$52,677,231$572,500$591,879
07933Gillette, NJ 079335.5 mi9$6,587,775$599,900$731,975
07976New Vernon, NJ 079765.9 mi2$14,976,000$7,488,000$7,488,000
07062Plainfield, NJ 070626.1 mi34$16,997,076$483,000$499,914

Frequently Asked Questions

How many homes are for sale in SUMMIT, NJ 07901?

As of February 2026, there are 28 active listings in SUMMIT, NJ (zip code 07901), compared to 34 the prior year.

What is the median home price in SUMMIT, NJ 07901?

The median listing price in SUMMIT, NJ 07901 is $1,431,250 as of February 2026, a 3.6% increase from $1,382,000 the prior year.

How long do homes stay on the market in SUMMIT, NJ?

Homes in SUMMIT, NJ 07901 spend an average of 18 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in SUMMIT, NJ 07901?

Based on current inventory and days-on-market data as of February 2026, SUMMIT, NJ 07901 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 18 days on market compared to 56 days last year.

How much can I save on real estate commission in SUMMIT, NJ?

With SELL123.com's maximum 3% commission, sellers in SUMMIT, NJ 07901 save an estimated $28,625 compared to a typical 5% commission on the median listing price of $1,431,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.