Better Real Estate Market Report

Montclair, NJ

Single-Family Homes

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Montclair, NJ

Tue Sep 28 2021
This week the median list price for Montclair, NJ is $760,000 with the market action index hovering around 67. This is less than last month's market action index of 74. Inventory has decreased to 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 has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Montclair, NJ

Tue Sep 28 2021
This week the median list price for Montclair, NJ is $760,000 with the market action index hovering around 67. This is less than last month's market action index of 74. Inventory has decreased to 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 has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Montclair market.
Median List Price $760,000
Median Price of New Listings $979,000
Per Square Foot $341
Average Days on Market 55
Median Days on Market 46
Price Decreased 28%
Price Increased 9%
Relisted 31%
Inventory 32
Median Rent $2,500
Market Action 67
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
$1,400,000 3,500 0.25 - 0.5 acre 6 3 94 1 1 77
$939,500 3,008 0.25 - 0.5 acre 5 3 100 2 2 63
$669,500 2,076 8,000 - 10,000 sqft 4 2 98 2 3 21
$447,000 1,229 0 - 4,500 sqft 3 1 104 0 1 24