A Standout Result in an Already Strong Market

Summit’s housing market remains one of the most competitive in Union County and The Saritte Harel Team’s recent sale on High Street proves that standout results are still achievable when a home is priced and positioned strategically. 57 High Street, a ranch with three bedrooms and two baths, sold for $1,320,000, which was 20.55% above its list price of $1,095,000, after just 13 days on the market.

During this same reporting period ( September), the average Summit home sold for $1,714,000, at 106.68% of list price, and spent 19 days on market. That means 57 High Street outperformed the town average by nearly 14 percentage points and sold a full week faster than typical listings — a standout success even in a strong market.

How 57 High Street Stood Out

• List Price: $1,095,000

• Sale Price: $1,320,000

• Sale-to-List Ratio: 120.55%

• Days on Market: 13

• Home Type: Raised ranch, 3 bedrooms, 2 baths

Nearby homes such as 36 Webster Avenue and 50 Huntley Road sold close to or below list price during the same period, highlighting how 57 High Street captured unique buyer attention through strategic pricing and presentation. The home’s balance of updates, neighborhood setting, and thoughtful marketing proved that buyers are still willing to compete for move-in-ready Summit properties when they’re introduced to the market with precision.

Market Snapshot: Current vs. Year to Date

Current Data (Grounded in September 2025 Market Report)

• Average Listing Price: $1,626,809

• Average Sold Price: $1,714,000

• Average Sale-to-List Ratio: 106.68%

• Average Days on Market: 19

• Homes Sold: 22

Year-to-Date Trends (Through September 2025)

• Average Sold Price YTD: $1,727,277 (+16.3% from 2024)

• Average Sale-to-List Ratio YTD: 109.64%

• Average Days on Market YTD: 18

• Homes Sold YTD: 184 (+22.7% vs. 2024)

These combined figures show a market that’s not just stable but thriving. Even with slightly longer days on market compared to earlier in the year, prices and competition remain elevated. Summit continues to outperform most nearby towns in both appreciation and absorption rate.

What This Sale Means for Summit Homeowners

The 57 High Street sale demonstrates that exceptional results remain attainable even as the market evolves. Homes priced between $1M and $1.5M are driving alot of Summit’s activity, while demand for updated, move-in-ready listings remains particularly high. Buyers continue to prioritize location, school district, and walkability, rewarding properties that meet those lifestyle priorities with multiple offers.

Seller Q & A: What Summit Homeowners Are Asking Right Now

Q: What does the 57 High Street sale tell us about Summit home values?
A: It highlights that buyers are still willing to pay premiums for quality homes. Even as inventory rises, well-presented properties that meet key buyer needs such as condition, design, and location continue to sell above asking.

Q: Are bidding wars still happening in Summit?
A: Yes, particularly under $2M. Updated Colonials, Capes, and ranches continue to see multiple offers. Homes above $3M are selling more selectively but remain stable when positioned correctly.

Q: How quickly are homes selling?
A: On average, about 19 days but well-priced homes like 57 High Street are going under contract in under two weeks. Time on market continues to be one of the most telling indicators of buyer engagement.

Q: Should I wait until spring to sell?
A: Not necessarily. Summit’s buyer pool remains active through the fall and early winter. Listing before the spring surge can reduce competition and attract serious buyers eager to close before year-end.

Q: What factors help sellers achieve above list results?
A:

• Pricing strategically based on hyper-local data, not emotion

• Professional staging and photography to maximize first impressions

• Marketing that reaches both local and relocation buyers

• Partnering with a team that knows Summit’s micro-markets and buyer psychology
  

Key Takeaways for Summit Sellers

• 57 High Street achieved 20.55% above list price, showing that strategy still beats luck.

• The average Summit home sold for 106.68% of list, while this property reached 120.55%.

• Homes under $2M continue to see the most competitive demand.

• Year-to-date data shows prices up 16% and sales volume up 22%, signaling sustained market strength.

• Presentation and precision remain the most reliable ways to exceed expectations.

Why Local Data Matters

For Summit homeowners considering a sale, real numbers matter more than national headlines. The town’s consistent growth supported by its schools, Midtown Direct commute, and vibrant downtown continues to attract serious buyers across all price points. The 57 High Street sale is more than just a single success; it’s a reflection of a broader trend toward smartly executed listings that outperform even in competitive conditions.

Ready to Learn What Your Home Could Sell For?

If you’re a Summit homeowner considering your next move, The Saritte Harel Team offers personalized home valuations and strategic marketing plans backed by live market data.

Ranked among the Top 5 Realtors in New Jersey and the Top 1.5% nationwide, our team combines deep neighborhood expertise with the precision strategies that deliver record-breaking results.

Contact us today for a private consultation or complimentary home value analysis.
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