Lina Panza's Market Report

Montclair, NJ 07042

Single-Family Homes

Keller Williams NJ Metro | www.WalkableSuburb.com | 973-809-5277



Montclair, NJ 07042

Sun Mar 03 2024
This week the median list price for Montclair, NJ 07042 is $1,499,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 9. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Montclair, NJ 07042

Sun Mar 03 2024
This week the median list price for Montclair, NJ 07042 is $1,499,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 9. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $1,499,000
Median Price of New Listings $999,500
Per Square Foot $454
Average Days on Market 33
Median Days on Market 7
Price Decreased 11%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 54
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$3,999,000 8,083 1 - 2.5 acres 8 7.8 106 0 0 115
$1,949,000 4,149 0.25 - 0.5 acre 7 4.8 138 0 0 28
$1,449,000 3,953 0.25 - 0.5 acre 4 4 75 1 1 3
$899,000 2,632 8,000 - 10,000 sqft 5 2.5 99 3 2 0