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Summit, New Jersey

An original horse trough still sits in town

Welcome to Summit in Union County, NJ

History

What is now the city of Summit, was created as Summit Township in 1869 and reincorporated as a city on March 8, 1899.

In the 19th century, Summit served as a nearby get away spot for wealthy residents of New York City in search of fresh air. Weekenders or summer vacationers would reach Summit by train and relax at large hotels and smaller inns and guest houses.

Following World War II, the city experienced a great building boom, as living outside New York City and commuting to work became more common and the population of New Jersey grew. At this point, Summit took on its suburban character of tree lined streets and architect-designed houses that it is known for today.

Summit Today

The Town of Summit is one of the most widely-known and most highly considered communities in Union County, NJ. It sits poised over 400 ft. above sea level in the least densely populated portion of the county.

The housing inventory in Summit consists mostly of traditional Tudors, Colonials and Victorians – each one very different from the other. Summit continues to be a very desirable place to live because of its beautiful, lush appeal, school system, it’s thriving downtown and a train station which serves both the Midtown Direct line (to Penn Station, NYC) and the Hoboken line. The train schedule is very favorable since it is an express stop for many of the trains going through the area.

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Real Estate Market Stats

Zillow Home Value Index: $637,800

Zillow Home Value Index

Owners vs. Renters

Home Size in Square Feet

Year Built

	Local	National
Zillow Home Value Index	$637,800	$146,200
Median Single Family Home Value	$638,200	$146,400
Median 3-Bedroom Home Value	$555,200	$140,900
Median 4-Bedroom Home Value	$799,300	$231,000
Percent Homes Decreasing	69.9%	55.8%
Percent Listing Price Reduction	31.8%	28.9%
Median List Price Per Sq Ft	$335	$92
Median List Price	$699,000	$185,000
Median Sale Price	$825,000	$176,500
Homes Recently Sold	11	267,974
Property Tax	$11,677	$2,105
Turnover (Sold Within Last Yr.)	3.1%	3.3%
Median Value Per Sq Ft	$401	$106
1-Yr. Change	-6.9%	-3.1%
Homes For Sale By Owner	1	50,153
New Construction	0	44,206
Foreclosures	6	522,340