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201 Mountain Ave, North Caldwell

New Montclair Home Price Record Set in April

Median Price Exceeded $1.6 million in 2026

Year-Over-Year Insights:

• Median Sale Price ($): The April median price of $1,660,000 represents a new record for Montclair and a significant step up from the April 2025 median of $1,306,375. This is the 2nd month that median prices exceeded average prices, indicating consistent high prices and not a few outliers pulling up numbers.
  
• Units Sold and For Sale: 21 homes closed in April of this year, consistent with 20 last year and 22 in March. However, with 68 new listings in April (the highest number for April since 2019) buyers are seeing more choices and we’ll see closed sales jump in June, providing some interesting sales data.
  
• Avg. Days on Market: Days on market at 21 was consistent with the average rate of 22 days over the past 2 years, up form the blistering pace of 11 days in April ’25.
  
• Sales Price Premium: This metric shows a large divergence from last year. 2026 sales prices premiums, while still among the highest in the region, hovered between 117% and 124% for the spring season, retreating from a high of 31% last April. In a rising market, the premiums in April can be quite high, as closed homes were marketed in late winter based on the prior year’s prices.

ECON 101- Supply and Demand

Why are prices so high? This graph tells a pretty clear story with an inflection point between supply and price in 2022. New listings fell from 690 in the 12 months ending 4/30/21 to 405 in 2023, while prices climbed to $737k in 2020 to $1,135 in 2024.

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