The Good Life Group's Market Report
Montclair, NJ 07042
Single-Family Homes
Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158
Montclair, NJ 07042
Tue Jun 09 2026
This week the median list price for Montclair, NJ 07042 is $1,199,000 with the market action index hovering around 73. This is an increase over last month's market action index of 63. Inventory has increased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,199,000 | |
| Median Price of New Listings | $1,412,000 | |
| Per Square Foot | $387 | |
| Average Days on Market | 38 | |
| Median Days on Market | 14 | |
| Price Decreased | 11% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 73 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,490,000 | 7,000 | - | 6 | 6.5 | 118 | 1 | 0 | 14 |
| $1,450,000 | 4,240 | 4,500 - 6,500 sqft | 6 | 4 | 126 | 2 | 0 | 49 |
| $1,049,000 | 3,118 | - | 5 | 3.5 | 109 | 3 | 1 | 0 |
| $758,249 | 1,420 | 0 - 4,500 sqft | 3 | 2.5 | 100 | 0 | 0 | 38 |