Lina Panza's Market Report

Montclair, NJ 07042

Single-Family Homes

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



Montclair, NJ 07042

Fri Mar 29 2024
This week the median list price for Montclair, NJ 07042 is $1,299,000 with the market action index hovering around 66. This is an increase over last month's market action index of 54. Inventory has increased to 11. 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. Current supply and demand levels show no sign of prices changing from their current trend.

Montclair, NJ 07042

Fri Mar 29 2024
This week the median list price for Montclair, NJ 07042 is $1,299,000 with the market action index hovering around 66. This is an increase over last month's market action index of 54. Inventory has increased to 11. 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. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $1,299,000
Median Price of New Listings $1,024,500
Per Square Foot $436
Average Days on Market 36
Median Days on Market 0
Price Decreased 9%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 66
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
$6,249,000 10,025 1 - 2.5 acres 7 7.5 117 0 0 73
$2,499,000 9,469 1 - 2.5 acres 8 8.5 112 1 1 77
$1,099,000 0 8,000 - 10,000 sqft 5 4 90 3 1 0
$799,000 1,747 0.25 - 0.5 acre 3 3 77 2 2 0