Our December real estate market reports for Montclair and Glen Ridge, NJ are in, providing a full overview of 2021 market trends. Montclair’s average sale price is up by over 12% to $975,184. Glen Ridge’s average sale price is up by 6.79% to $860,579. The average Montclair home was on the market for 24 days- an 18% drop from 2020. The average Glen Ridge home was on the market for 28 days, down almost 11% from last year. There were 477 units sold in Montclair in 2021 down 3% from the prior year. Volume in Glen Ridge was up 14% with 146 units sold. In both towns, there is a critically low level of homes on the market, with less than one month of unsold inventory available.
We’d love to hear about your goals for the year and how we can help. As always, if you have questions about the market, buying or selling please contact us. We’d be happy to consult with you confidentially. You can email Allison at [email protected] to arrange a time to talk.
The Allison Ziefert Real Estate Group is a top producing real estate team based at Compass in Short Hills, NJ. We are local market experts, specializing in real estate and homes in Maplewood, South Orange, Millburn/Short Hills, Montclair, West Orange, NJ and the surrounding towns. We are driven by earning great testimonials and referral business from happy clients. You can read our testimonials here.