07901 Home Values & Market Trends
There are 162 homes currently listed for 07901. 07901 real estate market trends show that home prices range from $420,000 to $5,650,000, and the median sales price in the 07901 zip code is $1,688,398. The total number of properties sold within the past twelve months is 265. In 07901, 20 properties are in foreclosure, 0 are bank owned properties,and 2 are headed for auction.
07901 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Summit | $ 1,688,398 $ 712/sqft |
Housing Market Summary for 07901
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.5M | $1.6M | 9.63% |
| Median Sold Price | $1.2M | $1.1M | -0.88% |
| Homes For Sale | 80 | 155 | 93.75% |
| Homes Sold | 165 | 89 | -46.06% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07901
Browse Homes in 07901
The median list price of a home in Summit, is $1,688,398. A total of 162 properties are for sale, and the percentage of properties for sale in the zip code is 162.00%. The total count of 07901 properties is 290.
- Pre-ForeclosurePre-foreclosure homes account for 6.21% of all residential properties in 07901 with summit containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07901; of that cities, the estimated home value for pre-foreclosure homes ranges from $2,093,900 in summit to the lowest home value of $572,566 in summit.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07901 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07901. There is 1 cities within 07901; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionssummit has 2 auction properties, the highest number of properties going to auction in a single city in the state of 07901. Auction homes and other auction properties account for 0.69% of all properties in 07901. There is 1 cities within 07901; of that cities, the median estimated home value for homes going to auction ranges from $1,576,675 in summit to the lowest value of $1,127,530 in summit.
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Guide for 07901
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
