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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|Strong Seller's Market|
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|