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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montclair is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Montclair was a Seller's Market.

Key Takeaway

Montclair is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Montclair, CA

How much do homes in Montclair, CA cost?

Median Sold Price

$1,465,000

$749/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$35,000(-2.3%)

Key Takeaway

Homes in Montclair have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Montclair was $1,465,000 in September 2024, down 2.3% from last year, and the median price per square foot was $749.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $580K-
N/A
2 $1.0M$1.0M
+3.6%
3 $1.5M$1.4M
-6.7%
4 $1.8M$1.6M
-6.5%
5+ $1.7M$2.2M
+25.4%

Summary: Montclair housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 25.4%.

Median Sold Price Compared To Nearby Neighborhoods

Montclair
-2.3%
Forestland
-5.6%
Shephard Canyon
-14.5%
Merriwood
-16.5%

Housing Supply in Montclair, CA

How many homes are available in Montclair, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1822+22.2%

Summary: The Montclair real estate market had 22 homes for sale in September 2024, a 22.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 910
+11.1%
4 78
+14.3%
5+ 24
+100.0%

Summary: The Montclair housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

0 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. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Montclair in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Sep 2023Sep 2024CHANGE
9 Days9 Days+3.6%

Summary: Homes in Montclair had an average of 9 days on market in Sep 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 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 September 2024, 3 homes were sold in Montclair; 100% of homes were sold within 30 days, 0% 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 26 Days Ago

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