Is Montclair Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Montclair Township was a Seller's Market.
Housing Prices in Montclair Township, NJ
How much do homes in Montclair Township, NJ cost?
Median Sold Price
$1,201,333
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montclair Township was $1,201,333 in April 2024, up 21.4% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $285K | +3.6% |
2 Bedrooms | $422.5K | $450K | +6.5% |
3 Bedrooms | $697.5K | $725K | +3.9% |
4 Bedrooms | $982.5K | $1.1M | +18.3% |
5+ Bedrooms | $1.5M | $1.5M | +3.2% |
Summary: Montclair Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Montclair | $986.7K | $1.2M | +21.7% |
Montclair Township | $989.5K | $1.2M | +21.4% |
Bloomfield Township | $470.5K | $534K | +13.5% |
Glen Ridge | $884K | $982.9K | +11.2% |
Verona | $595K | $658K | +10.6% |
Housing Supply in Montclair Township, NJ
How many homes are available in Montclair Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 123 | +51.9% |
Summary: The Montclair Township real estate market had 123 homes for sale in April 2024, a 51.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 42 | 76 | +81.0% |
Summary: The Montclair Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 81%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Montclair Township in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Montclair Township, NJ
We’re sorry, we don't have information for this market at the moment