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How Much Does a Home Cost in Montclair, New Jersey?

Mar. 17, 2025

How Much Does a Home Cost in Montclair, New Jersey? | G&L and Sons Renovations

We can't blame you if you’re considering moving to Montclair, New Jersey. This place is known for its lively community, proximity to New York City, and historic charm. It also has a dynamic real estate market, with homes in Montclair experiencing higher New Jersey property values than other parts of the state.

This makes it one of the best NJ neighborhoods for homebuyers, remodelers, and builders. But what is the average home price in Montclair, NJ? In this blog, our team at G&L and Sons Renovations has shared how much it costs to buy, build, and remodel so that you have a better idea of which option best suits your needs.

Is Montclair Real Estate Expensive Compared to Other Parts of NJ?

When considering a real estate investment in NJ, it's only natural to compare the pricing of the different neighborhoods you’re considering moving to. If Montclair is on your radar, you should know that the real estate market in Montclair is notably more expensive than other areas in the state. For example, as of December 2024, it is believed that the median home price in Montclair, NJ, was $1.1 million, which reflects a 42.9% increase year over year.

With such a significant appreciation rate, it tells consumers that there is a high demand for housing but a limited supply in the area. In addition, other New Jersey cities exhibit more modest median home prices to put the pricing into perspective. For example, Clifton's median home price is around $528,888, while Bloomfield's is approximately $574,000.

This is why many homeowners in Montclair choose to remodel. If you already own a house, remodeling can improve its value and make it more attractive, potentially leading to a better selling price later. At G&L and Sons Renovations, we can assist with your remodeling needs.

What is the Average Home Buying Price in Montclair, NJ?

As you now know, home-buying costs in Montclair, NJ, are higher than many other suburbs in the state. The cost of buying a house in NJ – Montclair specifically – will set you back around $1.1 million, as mentioned above.

However, these prices aren't set in stone. When considering the home-buying process in NJ, you must know that home prices in Montclair can vary based on various factors. For example, property size, location, and architectural style can all influence how much a home will cost in Montclair.

A perfect example is the average value of homes in the Upper Montclair neighborhood, which has increased by 10.0% over the past year to $1,263,099. Conversely, the median sale price of homes in the Montclair South End neighborhood has increased by 19.7% from the previous year to $846,500. So, the location of these homes and their level of luxury have played a role in their median sale prices.

How Much Does a Home Cost to Build in Montclair, NJ?

Since luxury homes in NJ are somewhat more challenging to find, especially for sale in Montclair, more individuals are considering building a house. If you are considering this route, you should know that construction costs can be high since you will need to acquire land, construction permits, materials, and other related expenses, such as labor.

On average, building a home in Montclair, NJ, can cost between $150 and $200 per square foot, with some companies charging less or more. Since Montclair has a premium market status, the costs are likely on the higher end of the spectrum when building from scratch.

How Much Does a Home Cost to Remodel In Montclair, NJ?

If you recently bought a home in Montclair or own one but want to make it feel more like it matches your current lifestyle or personality, you should consider remodeling. With home remodeling, you can create the home you’ve always dreamed of owning, especially if you choose a reliable renovator like G&L and Sons Renovations.

However, if you’re looking into remodeling, you likely want to know how much it costs. Unfortunately, there is no one-size-fits-all when it comes to pricing. Every home will have a different cost when it comes to remodeling.

But we can provide you with ballpark figures of popular remodeling projects those in Montclair often undertake. This will help you budget accordingly:

Kitchen remodeling: A low-end kitchen remodel can cost upwards of $70,000, a mid-range remodel can cost more than $110,000, and a high-end or custom remodel can cost around $175,000 or more.
Bathroom remodeling: A low-end bathroom remodel starts at around $35,000, a mid-range renovation at $60,000, and a high-end or custom remodel at $100,000 or more.
Basement remodeling: The cost of updating a basement that requires minimal renovation starts at around $40,000, while a remodeled basement with a laundry room can cost $65,000 or more. In contrast, a large basement remodel involving a full bathroom renovation costs around $125,000 but can cost more.

Remodel Your Home with G&L and Sons Renovations Today

Since buying and building can be expensive, you might benefit from remodeling the home you already have. You might also find it an even better idea to buy a home at a cheaper price that might not have everything you want and then renovate it.

Our G&L and Sons Renovations team can help with whatever choice you make. We understand that the cost of living in Montclair, NJ, is high, so our pricing is fair. Simply contact us here and let our team discuss your plans and the next steps forward.