Montclair First-Time Homebuyer Report for October

Montclair is a small city in California with a median income of $48,739 per household. Besides being somewhat affluent, its population is much older than others with a median age of 30 years. The Montclair market is primarily made up of detached homes, currently accounting for 76% overall. The top schools in the city are Howard Elementary School, Serrano Middle School, and Montclair High School.

Price Range

Home values in Montclair are generally in line with others in the state with a median home value of $215,800 and an average list price of $392,000. The Montclair market saw sales remain flat this week with 23 homes sold over the last 30 days but new listings fell to 19.

Curious as to which homes have been getting the most attention in Montclair? These listings have stirred up interest and produced the most views:

$376K   $365K   $327K  

Typical Dwelling

The typical dwelling in Montclair is a three-bedroom detached home worth about $376,061. To purchase a similar home, a buyer with good credit and a $75,212 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,731 monthly payment. The property tax rate is $9.16 per $1,000 of taxable assessed value.

Get started right now by checking out Montclair homes for sale or reviewing Montclair real estate trends.


Data reported through 10/13/2016

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