Is Montclair, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montclair is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Montclair has remained a Seller's Market.

Key Takeaway

Montclair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montclair, CA

How much do homes in Montclair, CA cost?

Median Sold Price

$640,000

$433/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+3.2%)

Key Takeaway

Homes in Montclair have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Montclair was $640,000 in March 2024, up 3.2% from last year, and the median price per square foot was $433.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $300K$458.5K
+52.8%
2 $482.5K$505K
+4.7%
3 $620K$635K
+2.4%
4 $655K$670K
+2.3%
5+ $814K$745.8K
-8.4%

Summary: Montclair housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Upland
+3.6%
Montclair
+3.2%
Ontario
+2.8%
Pomona
+2.5%
Claremont
+1.9%

Housing Supply in Montclair, CA

How many homes are available in Montclair, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3130-3.2%

Summary: The Montclair real estate market had 30 homes for sale in March 2024, a 3.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1618
+12.5%
4 87
-12.5%
5+ 20
-100.0%

Summary: The Montclair housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montclair, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Montclair in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for Montclair, CA

How long does it take to sell a home in Montclair, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
18 Days19 Days+5.1%

Summary: Homes in Montclair had an average of 19 days on market in Mar 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montclair are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in Montclair; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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