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 November 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

$1,482,500

$750/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,500(-1.2%)

Key Takeaway

Homes in Montclair have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Montclair was $1,482,500 in November 2024, down 1.2% from last year, and the median price per square foot was $750.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $580K-
N/A
2 $1.0M$1.0M
-0.7%
3 $1.5M$1.3M
-8.0%
4 $1.7M$1.8M
+3.9%
5+ $2.0M$2.3M
+15.0%

Summary: Montclair housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Neighborhoods

Montclair
-1.2%
Forestland
-4.7%
Shephard Canyon
-23.1%

Housing Supply in Montclair, CA

How many homes are available in Montclair, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2422-8.3%

Summary: The Montclair real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 108
-20.0%
4 1010
0.0%
5+ 44
0.0%

Summary: The Montclair housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Montclair in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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

Nov 2023Nov 2024CHANGE
26 Days27 Days+3.0%

Summary: Homes in Montclair had an average of 27 days on market in Nov 2024, up by 3% compared to last year.

Breakdown of Home Sale Times

3 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 November 2024, 5 homes were sold in Montclair; 60% of homes were sold within 30 days, 40% 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 21 Days Ago

Newest Listings in Montclair, CA

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