What $1M, $2M & $3M REALLY Bought in Summit, NJ (2025 Market Breakdown)

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If you’re searching for homes in Summit, NJ and wondering what $1M, $2M, or $3M actually buys you — this is the real market breakdown you won’t see on Zillow.

In this video, I analyze 14 properties that sold in Summit, New Jersey over the past 12 months and break down:

• List price vs sale price
• Days on market (DOM)
• List-to-sale price ratios
• Square footage & lot size
• Bedrooms and bathrooms
• Distance to downtown Summit & the train station
• Property taxes
• Real patterns most buyers miss

Most public real estate websites show you listing prices — but once homes go under contract, they disappear. And when they close, many platforms don’t show the original list price anymore.

That makes it extremely difficult for buyers to understand true market trends.

I’ve been selling real estate in Summit, NJ for over 13 years, and this video gives you a clear 12-month snapshot of what actually happened in the $1M, $2M, and $3M price ranges.

If you’re relocating, commuting to NYC, or planning to buy in Summit, this breakdown will help you understand pricing patterns, negotiation leverage, and where competition is strongest.

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