Under Contract

11 Undercliff Road,
Montclair Twp., NJ 07042-1716

Montclair, NJ Market Update: February 2026

The Montclair real estate market continues to be characterized by high demand and premium pricing. February 2026 saw a significant surge in sales prices, though market activity remains constrained by low inventory.

1. Price Increase Significant

Sale prices jumped sharply in February to a median of $1.3 million and average of $1.5 million. However, with only 7 closings, we had a few large homes skew the results. Nevertheless, we don’t anticipate prices easing this Spring.

2. Buyer Competition & Negotiating Power

Buyers are still facing a highly competitive environment, consistently paying above the asking price to secure a home.

• Sale-to-List Price Ratio: Homes in February sold for an average of 110% of their listing price.
  
• Comparison: While still very high, this is a cooling trend compared to the frenetic 129% seen in February 2025.
  
• Days on Market (DOM): The average time to sell was 22 days, slightly longer than the 14 days recorded last February, giving buyers a marginally better window to move.
  
  

3. Inventory and New Listings

Inventory levels are showing signs of a slow recovery, though new listings have dipped.

• Active Listings: There were 39 active listings on the market in February 2026, a 25.8% increase from the 31 available in February 2025.
  
• New Listings: Only 15 new homes hit the market this month, down from 22 last year. This suggests that while more homes are staying on the market longer (increasing “active” count), the flow of fresh inventory is slowing.

Summary for Buyers and Sellers

For Sellers: The market remains firmly in your favor. With median prices at record highs and buyers still willing to pay 10% over asking, it is an exceptional time to list, especially for high-end properties.

For Buyers: Persistence is key. While the sale-to-list ratio has decreased from its peak last year, you should still expect to compete and bid over asking. The slight increase in active inventory provides a few more options than this time last year.

Reach out to me with questions about the local or regional market, investment possibilities, or your home in particular.

I always welcome comments and questions.

We are here to help.

Best, Rich

Richard Stanton
Principal Broker
3rd Generation Owner
(917) 536-8257