Lina Panza's Market Report

Montclair, NJ 07042

Condos/Townhomes

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



Current active inventory in Montclair, NJ 07042 is very low. Keep this in mind when looking at this report.

Montclair, NJ 07042

Sun Mar 03 2024
This week the median list price for Montclair, NJ 07042 is $399,000 with the market action index hovering around 54. This is an increase over last month's market action index of 29. Inventory has held steady at or around 3. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Montclair, NJ 07042

Sun Mar 03 2024
This week the median list price for Montclair, NJ 07042 is $399,000 with the market action index hovering around 54. This is an increase over last month's market action index of 29. Inventory has held steady at or around 3. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $399,000
Median Price of New Listings $399,000
Per Square Foot $356
Average Days on Market 7
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 54
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$399,000 1,119 4,500 - 6,500 sqft 2 1 107 1 1 0
$399,000 0 4,500 - 6,500 sqft 2 1 107 1 1 0
$379,000 0 - 3 1 42 0 0 21