Housing in Summit

Summit's housing market runs genuinely expensive, the highest median value among this project's four NJ Tier B markets in this batch, consistent with its elite-school-district identity.

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A real, substantial premium

Summit's median home value ran $994,500 in 2024 -- substantially above New Jersey's own statewide average and the highest among Teaneck, Woodbridge, Summit, and Westfield, the four NJ Tier B markets in this batch.

A price point tied directly to Summit's #7 school district

Summit's genuinely elite school-district ranking (#7 in New Jersey) is a real, substantial driver of its housing premium -- buyers specifically prioritizing top-tier schools should expect to pay for that ranking directly.

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Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.