The Good Life Group's Market Report

Montclair, NJ 07043

Single-Family Homes

Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158


Montclair, NJ 07043

Sat Jun 28 2025
This week the median list price for Montclair, NJ 07043 is $1,450,000 with the market action index hovering around 88. This is less than last month's market action index of 95. Inventory has held steady at or around 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Montclair, NJ 07043

Sat Jun 28 2025
This week the median list price for Montclair, NJ 07043 is $1,450,000 with the market action index hovering around 88. This is less than last month's market action index of 95. Inventory has held steady at or around 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $1,450,000
Median Price of New Listings $1,100,000
Per Square Foot $354
Average Days on Market 23
Median Days on Market 14
Price Decreased 7%
Price Increased 0%
Relisted 20%
Inventory 15
Median Rent
Market Action 88
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,849,500 8,141 0 - 4,500 sqft 5 4.3 113 1 2 45
$1,474,500 3,025 - 5 4.3 99 0 1 14
$1,044,500 3,087 0 - 4,500 sqft 4 4 117 4 2 0
$799,000 2,250 - 3 2.5 101 0 1 14