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January 2026 Housing Market Update | Montclair & Northern New Jersey Real Estate

In this January 2026 market update, I break down the latest median home prices for single-family homes in Montclair and surrounding Northern New Jersey commuter towns — and explain what the numbers actually mean for buyers and sellers.

If you’re following the Northern NJ housing market, here’s what you need to know:

• January is typically a slower closing month
• Lower transaction volume can cause median prices to swing
• A small number of luxury or lower-priced sales can heavily influence reported data

For example:
Montclair had just 13 closed single-family sales in January, with an average sold price of $1,580,769. With limited closings, the median can shift depending on the mix of homes that sold.

In Summit, only 3 homes closed — meaning a few high-end transactions can dramatically impact the reported median.

The key takeaway? Median home price is an important metric — but context matters. Demand across Northern NJ remains strong, and homes are trading across a wide range of price points.

If you're thinking about buying, selling, or evaluating your home’s value in 2026, I provide data-driven strategies tailored to your specific goals.

📩 Reach out anytime to discuss your next move.

Clare Morcella
Montclair Real Estate Expert
Serving Montclair & Northern NJ commuter towns
☎️ 201-245-3633
🌐 MorcellaHomes.kw.com
✨ Top 1% Nationwide
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