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

Sat Aug 02 2025
This week the median list price for Montclair, NJ 07042 is $1,250,000 with the market action index hovering around 54. This is less than last month's market action index of 62. Inventory has increased to 23. Click here to stay informed with the Montclair market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Montclair, NJ 07042

Sat Aug 02 2025
This week the median list price for Montclair, NJ 07042 is $1,250,000 with the market action index hovering around 54. This is less than last month's market action index of 62. Inventory has increased to 23. Click here to stay informed with the Montclair market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $1,250,000
Median Price of New Listings $1,044,390
Per Square Foot $374
Average Days on Market 65
Median Days on Market 35
Price Decreased 17%
Price Increased 4%
Relisted 13%
Inventory 23
Median Rent
Market Action 54
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$2,872,500 4,937 0 - 4,500 sqft 6 6 113 1 0 42
$1,600,000 4,945 - 5 4.5 111 0 1 28
$999,000 3,040 0 - 4,500 sqft 5 2.8 120 2 0 24
$729,990 0 - 5 2 97 1 2 84