Is Montclair, NJ 07042 a buyer’s or seller’s market?

The Montclair housing market right now

In the three months ending August 31, 2026, 84% of homes in Montclair, NJ 07042 sold above their list price, the typical home went under contract in 17 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 82%, homes sold faster (53 days then) and the median sale price fell 4% to $1,154,500. Overall, Montclair is more competitive than a year ago, so tougher for buyers.

Within Essex County, homes here sell faster than in 77% of the county’s ZIP codes, and sell more often over asking than in 93%. On our competition score, Montclair ranks #16 of 444 NJ ZIP codes with enough sales (score 97 out of 100).

Nearby, buyers who want less competition could look at Newark 07102 (25% sold over asking) or Essex Fells 07021 (33% sold over asking), while Glen Ridge 07028 (100% sold over asking) and Montclair 07043 (94% sold over asking) are even more competitive.