Is Montclair, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Montclair was a Seller's Market.
Housing Prices in Montclair, NJ
How much do homes in Montclair, NJ cost?
Median Sold Price
$1,175,666
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montclair was $1,175,666 in March 2024, up 18.8% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $285K | +3.6% |
2 Bedrooms | $410K | $446K | +8.8% |
3 Bedrooms | $718K | $650K | -9.5% |
4 Bedrooms | $982.5K | $1.1M | +17.0% |
5+ Bedrooms | $1.5M | $1.5M | +4.2% |
Summary: Montclair housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Montclair Township | $990K | $1.1M | +19.6% |
Montclair | $989.8K | $1.1M | +18.8% |
Bloomfield Township | $466.5K | $530.3K | +13.7% |
Verona | $593K | $640K | +7.9% |
Glen Ridge | $925K | $990.9K | +7.1% |
Housing Supply in Montclair, NJ
How many homes are available in Montclair, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 88 | +46.7% |
Summary: The Montclair real estate market had 88 homes for sale in March 2024, a 46.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 30 | 49 | +63.3% |
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 increased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 63.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Montclair in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Montclair, NJ
We’re sorry, we don't have information for this market at the moment