Summit NJ Real Estate Statistics April 2008

The Summit NJ real estate market is almost always an active real estate market.  Of the many great towns along the Midtown Direct train line Summit is one of the most well known and desirable among people relocating to New Jersey.  So lets take a look at the current (as of April 22) Summit NJ real estate statistics.

The Summit NJ real estate statistics:

• 137 homes activly for sale in Summit NJ
  • $259,900 is the lowest priced Summit NJ home.
  • $8,950,000 is the  is the highest priced Summit NJ home.
  • $1,258,166 is the average price of a Summit NJ home for sale.
  • $879,00 is the median price of a Summit NJ home for sale.
  • 81 Days for sale is the average currently for the active Summit NJ homes for sale.
  • 60 Days for sale is the median currently for the active Summit NJ homes for sale.
  • 355 Days for sale is the current longest time on the market for a actively for sale Summit NJ home.
• 56 homes currently under contract in Summit NJ
  • $369,000 is the current lowest priced Summit NJ home under contract.
  • $3,550,000 is the current highest priced Summit NJ home under contract.
  • $1,111,542 is the average price of Summit NJ home under contract.
  • $819,000 is the median price of a Summit NJ home under contract.
  • 492 is the longest number of days on the market for a Summit NJ home currently under contract.
  • 58.1 Days on the market is the average for under contracts.
  • 21.0 Days on the market is the median for under contract.
• 55 homes sold in Summit NJ so far for 2008
  • $315,000 is the lowest priced home to sell in Summit NJ so far.
  • $3,200,000 is the highest priced home to sell in Summit NJ so far.
  • $863,704 is the average price so far.
  • $660,000 is the median price so far.
  • 69.5 days on market is the average.
  • 45.0 day on the market is the median. 

As you can tell 2008 has been fairly active.  If you are interested in seeing all the homes currently listed for sale in Summit NJ click on the link above labeled Search For Your Home.