Is Montclair, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, VA
How much do homes in Montclair, VA cost?
Median Sold Price
$580,666
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montclair have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Montclair was $580,666 in April 2024, up 4.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $445K | $457.5K | +2.8% |
| 3 Bedrooms | $417.5K | $475K | +13.8% |
| 4 Bedrooms | $585K | $630.5K | +7.8% |
| 5+ Bedrooms | $640K | $740K | +15.6% |
Summary: Montclair housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Dale City | $429.9K | $460K | +7.0% |
| Montclair | $555K | $580.6K | +4.6% |
| Cherry Hill | $548.4K | $570.9K | +4.1% |
Housing Supply in Montclair, VA
How many homes are available in Montclair, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 80 | +19.4% |
Summary: The Montclair real estate market had 80 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Montclair housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montclair, you could pay more than the asking price. 74.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Montclair in April 2024, down by 6.9% month-over-month. Of the 27 sold homes, 4% were sold under asking, 22% were sold at asking, and 74% were sold over asking.
Days on Market for Montclair, VA
How long does it take to sell a home in Montclair, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -33.3% |
Summary: Homes in Montclair had an average of 10 days on market in Apr 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montclair are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Montclair; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
