Montclair Sees $2.7 Million Home Sale Dominate Recent Market

A single-family home sold for $2.7 million has emerged as the most expensive residential real estate transaction in Montclair during the two-week period from November 10 to November 23, 2023. This sale, along with five others, showcases a strong market, with an average sale price of $1.6 million, equating to $542 per square foot.

Sales data indicates that the properties listed below had their titles recorded within this timeframe, although they may have been sold earlier. The competitive nature of the Montclair real estate market is evident in these recent transactions.

Overview of Recent Sales

The six most notable sales include a range of homes, from condominiums to larger single-family residences. Each sale reflects varying styles, sizes, and historical significance.

The lowest price on the list is a condominium located at 415 Claremont Ave. #C004F, which sold for $409,000. This property, built in 1957, offers a living area of 1,258 square feet, resulting in a price of $325 per square foot. The transaction was finalized on October 20.

Next, a single-family home at 251 McCosh Road commanded a sale price of $849,000. Constructed in 1925, this detached house spans 2,128 square feet, translating to $399 per square foot. The deal was completed on October 8.

Another property, located at 33 Stephen Street, sold for $1,400,005. This home, built in 1929, has a total living area of 2,802 square feet, resulting in a price of $500 per square foot, with the sale being finalized on October 16.

Top Transactions in Montclair

The third most expensive sale was a residence at 43 Woodmont Road, which sold for $2.1 million. This property, constructed in 1959, features a living space of 2,762 square feet, marking a price of $760 per square foot. The sale was finalized on October 14.

Next, the property at 46 Lloyd Road sold for $2.38 million, with a living area of 3,534 square feet, leading to a price of $673 per square foot. This house, built in 1890, was sold on October 17.

Finally, the top sale of the period was the single-family house at 39 Bradford Ave, which sold for $2,675,000. Spanning an impressive 5,588 square feet, this modern home built in 2015 achieved a price of $479 per square foot, with the deal finalized on October 20.

These transactions reflect not only the diverse offerings in Montclair’s housing market but also the strong demand for upscale residences in the area. As the real estate landscape continues to evolve, prospective buyers and investors will likely keep a close eye on emerging trends and opportunities.