Home ValuePros

Market Intelligence · NJ / Montclair

Montclair, NJ 07042 Housing Market

Montclair homes have a typical value of $934,118, up 6.3% over the past year. The median list price sits at $782,245, with homes typically on the market for 23 days as of September 2026.

Updated September 2026Median value$934K

The median home value in Montclair, NJ 07042 is $934K as of September 2026, up 6.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 07042 range

$859K to $1.01M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.3% over 12 months

Typical home value in 07042 over the last 12 months: $879K in Sep 2025 to $934K in Sep 2026 (+6.3%).

Sep 2025$879K

Sep 2026$934K

The numbers

What is the 07042 housing market like?

Typical home value

$934K

Up6.3%YoY

Median list price

$782K

Down5.1%MoM

Days on market

23

Down57.4%MoM

Homes for sale

29

Up61.1%MoM

Price cuts

10.5%

Up60.5%MoM

New listings

24

Up200.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

07042 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07042 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 07042 rose 6.3%, per the Zillow Home Value Index.

Will home prices drop in 07042?

Zillow's forecast does not call for a drop: it expects typical home values in 07042 to rise 2.7% by September 2027, after a 6.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07042 home prices compare?

  • 07042$934,118
  • Montclair$1,163,036
  • New Jersey$575,161
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Montclair: 2 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

September 2026 saw 29 homes for sale in Montclair, with 24 new listings entering the market. The median days on market of 23 suggests a reasonably active buyer pool, though not a hot market. One concern worth noting: 10.5% of listings have already taken a price cut, which signals some sellers are testing the waters above where buyers want to pay. Despite the year-over-year appreciation, the price-cut activity suggests caution is warranted before listing.

Monthly payment

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20% · $186,824

Common questions

What people ask us.

What is the typical home value in Montclair, NJ 07042?

The typical home value is $934,118, up 6.3% over the past year as of September 2026.

How many homes are currently for sale in 07042?

There are 29 homes for sale as of September 2026, with 24 new listings having recently entered the market.

How long do homes typically stay on the market here?

The median days on market is 23 as of September 2026.

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