Better Real Estate Market Report

Montclair, NJ

Single-Family Homes

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Montclair, NJ

Sun May 29 2022
This week the median list price for Montclair, NJ is $1,024,500 with the market action index hovering around 84. This is an increase over last month's market action index of 76. Inventory has held steady at or around 32. 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

Sun May 29 2022
This week the median list price for Montclair, NJ is $1,024,500 with the market action index hovering around 84. This is an increase over last month's market action index of 76. Inventory has held steady at or around 32. 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 $1,024,500
Median Price of New Listings $899,000
Per Square Foot $363
Average Days on Market 35
Median Days on Market 7
Price Decreased 13%
Price Increased 0%
Relisted 6%
Inventory 32
Median Rent
Market Action 84
Strong Seller's Market

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
$1,982,500 5,461 0.5 - 1 acre 6 5.3 101 1 1 31
$1,224,500 3,420 0.25 - 0.5 acre 5 4 91 2 3 0
$905,000 2,363 8,000 - 10,000 sqft 4 3 94 3 6 0
$630,000 1,786 6,500 - 8,000 sqft 3 2 95 3 3 7