$9,797 Closing Credit*
$825,000
4 Beds
•2 Full Baths, 1 Partial
Ceil Adkins, Listing Office: Century 21 Gemini Realty, Upper Montclair
Is Montclair Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Montclair Township has remained a Seller's Market.
Key Takeaway
Montclair Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montclair Township, NJ
How much do homes in Montclair Township, NJ cost?
Median Sold Price
$1,300,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$187,500(+16.9%)
Key Takeaway
Homes in Montclair Township have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Montclair Township was $1,300,000 in November 2024, up 16.9% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $316K | +10.9% |
| 2 Bedrooms | $425K | $510K | +20.0% |
| 3 Bedrooms | $695K | $785K | +12.9% |
| 4 Bedrooms | $1.1M | $1.2M | +9.0% |
| 5+ Bedrooms | $1.5M | $1.6M | +2.7% |
Summary: Montclair Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Montclair | $1.1M | $1.3M | +18.2% |
| Montclair Township | $1.1M | $1.3M | +16.9% |
| Glen Ridge | $865K | $999.9K | +15.6% |
| Bloomfield Township | $515K | $588.9K | +14.4% |
| Verona | $615K | $699.5K | +13.7% |
Housing Supply in Montclair Township, NJ
How many homes are available in Montclair Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 120 | +6.2% |
Summary: The Montclair Township real estate market had 120 homes for sale in November 2024, a 6.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 58 | 64 | +10.3% |
Summary: The Montclair Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montclair Township, you could pay more than the asking price. 95.2% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Montclair Township in November 2024, up by 5.0% month-over-month. Of the 21 sold homes, 5% were sold under asking, 0% were sold at asking, and 95% were sold over asking.
Days on Market for Montclair Township, NJ
How long does it take to sell a home in Montclair Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montclair Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Montclair Township; 5% 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.
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