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ontclair’s reputation as a family‑friendly community is largely built on its public schools. The district’s magnet program and consistently high ratings make it a magnet for new homeowners and parents who want a strong educational environment for their children.
Despite the recent announcement that the school district faces a $19.6 million deficit, the town’s real‑estate market shows no sign of cooling. Multiple agents report that demand remains robust, with inventory still scarce and prices climbing.
Matt Gevirtz of GT Luxury Group, who focuses on Northern New Jersey properties, notes that the market is “as hot as ever.” He recently closed a sale on 14 Upper Mountain Avenue for $150,000 above the $849,900 asking price. In November alone, nine homes in Montclair changed hands, and October saw over 30 sales. According to realtor.com, the median listing price in September 2025 was $1.2 million, and homes typically sold 16 % above their asking price. The area remains a classic seller’s market, with buyers outnumbering available homes.
The upcoming December 9 tax vote could raise property taxes, but Gevirtz believes it will not deter buyers. “People complain about taxes in Montclair a lot, but that doesn’t stop them from buying here,” he said. Christian Dubuque‑Strenz of Sotheby’s International Realty echoes this sentiment, noting that the school deficit is on everyone’s radar—buyers, sellers, and agents alike. While the market hasn’t yet shifted, Dubuque‑Strenz cautions that the outcome of the vote could alter buyer perceptions.
The magnet system is a cornerstone of Montclair’s appeal. If the district can’t sustain it, the town risks losing its unique draw. Dubuque‑Strenz warns that a “no” vote could invite a state monitor who might not prioritize the magnet program, potentially reverting the schools to a less integrated model. Progressive families, in particular, are attracted by the magnet’s diversity and academic rigor. Gevirtz adds that continued job cuts within the school system could erode its reputation, creating a snowball effect that would ultimately depress property values.
David Genova, founder of Greenwood Development, highlights another consequence of higher taxes: increased rents. “I’m worried about what this does for equity and affordability in Montclair,” he said. “I support our teachers and students, but I’m not sure what the best path forward is.”
In short, Montclair’s schools remain a key selling point, and the real‑estate market continues to thrive despite fiscal challenges. The December vote and its aftermath will be pivotal in determining whether the town can preserve its educational strengths and maintain its desirability for families.
