Verona reads 112% of list price town-wide, and that number hides the sharpest divide in Ryan’s Essex County coverage. Houses at $832,500 closed at 116% of list in 33 days and houses at $896,000 closed at 115% in 26 days. Both fiercely competitive. But the $325,000 tier, 31 sales and a full fifth of the township’s volume, closed at exactly 100% of list and took 49 days to do it. Same town, same twelve months, two completely different experiences depending on what you are buying.
Data sourced from the Garden State MLS (GSMLS), August 2025 through July 2026.
Read this table by price. Verona’s town-wide figures are an average of two markets that do not resemble each other, and the line between them falls at roughly $600,000.
| Bedrooms | Sales | Median sale | Avg days | Sale-to-list |
|---|---|---|---|---|
| 1 | 31 | $325,000 | 49 | 100% |
| 2 | 28 | $592,500 | 41 | 102% |
| 3 | 44 | $832,500 | 33 | 116% |
| 4 | 39 | $896,000 | 26 | 115% |
| 5+ | 13 | $999,999 | 26 | 112% |
| Town total | 156 | $717,000 | 35 | 112% |
Houses around $832,500. 44 sales, the largest single segment in the township. Closed at 116% of list in 33 days. Just above them, $896,000 across 39 sales ran 115% of list in 26 days, the fastest tier in Verona. Those two bands are 83 of the township’s 156 sales and they are where the 112% town-wide headline actually comes from. A buyer in this range should expect to be one of several offers and should expect the winning number to sit well above the asking price.
At $999,999, thirteen sales closed at 112% of list in 26 days. That is consistent with the tiers below it, but thirteen transactions is a thin sample. Two or three unusual sales would move that ratio noticeably. Treat it as directionally right rather than precise, and price at that level off individual comparables rather than off the tier average.
Below $600,000 the market inverts. The $592,500 tier, 28 sales, closed at 102% of list over 41 days. The $325,000 tier, 31 sales, closed at exactly 100%. The asking price, no more, and needed 49 days on market to get there. That is nearly twice the marketing time of the house tiers for none of the overbid. Verona’s small-unit and attached inventory is a genuinely balanced market sitting inside a town whose houses are anything but.
Above $800,000 you are in the competitive half of Verona. At 115% to 116% of list, a home asking $830,000 was routinely selling near $960,000. Build your budget around that reality before you start touring, because a list price in this range is closer to a floor than a target, and the 26 to 33 day averages mean the decision window is short.
Under $600,000 you are in a different town. At 100% to 102% of list over 41 to 49 days, you can inspect properly, ask for repairs, and negotiate on condition without losing the property to a faster buyer. Ignore the 112% town-wide figure entirely if this is your price range. It describes someone else’s market.
If you own a house in the $800,000 to $1,000,000 range, the data says price it to the comparable sale and let competition carry it. Verona’s houses are producing double-digit overbids; an inflated asking price does not add to that, it just costs you the opening weeks when the offers actually arrive.
If you own a condominium, a townhouse or a smaller unit, plan for 41 to 49 days and a sale at or barely above ask. Your listing will be judged on price and condition rather than carried by a bidding war, so pricing accurately on day one matters far more here than it does two price bands up.
Almost all of Verona sits under $1,000,000, so this applies to most of the township, and lot size decides the outcome. On a smaller lot, a home needing significant work gets no premium. It sits, and it sells at or below asking. That is what the $325,000 tier is showing at 100% of list over 49 days, in a town where finished houses at $832,500 were closing at 116%.
On a half acre or more, the same tired house is a different asset entirely. It becomes a builder target, and the buyer is paying for the land rather than for the house. Owners in that position are routinely priced off tired-house comparables and never find out what the lot was worth. Buyers should read that from the other side: anyone shopping a large Verona lot under $1,000,000 is bidding against builders, not only against other families.
Ryan Horvath is an agent with Prominent Properties Sotheby’s International Realty and a former licensed New Jersey general contractor. Having a vendor network that will put a real number on the work, and whether a lot carries builder value. Is the difference between those two outcomes.
Montclair, directly to the east, sold at a $1,350,000 median and 121% of list across 307 sales. Nearly double Verona’s median for a comparable commute. Glen Ridge, also adjacent to Montclair, is the most competitive small market in the county at a $1,260,000 median and 127% of list across only 78 sales. Verona’s house tiers at 115% to 116% are genuinely in that conversation; its median is not, which is precisely the opportunity.
For less money, Bloomfield sold at a $605,000 median and 110% of list across 265 sales, and West Orange at a $687,500 median and 108% across 436. Both cheaper entry points into the same corridor, with more inventory to choose from. Buyers who want Verona’s house market but cannot reach $830,000 should be looking at those two before stretching.
Verona has no NJ Transit rail station of its own. Commuters typically drive or bus to stations in neighbouring Montclair on the Montclair-Boonton Line, or use NJ Transit bus service along the Bloomfield Avenue corridor. That extra step is part of why Verona’s median sits well below Montclair’s and Glen Ridge’s while its houses still bid at similar ratios. Buyers are trading a walk-to-train address for a materially lower price.
Verona is served by the Verona Public Schools, a standalone township district rather than a regional one, with Verona High School as the public high school. Because the district covers the township only, a Verona address is the whole of the school question here. There is no sending or receiving arrangement to work through.
Verona is a compact township on the ridge west of Montclair, and its housing stock is dominated by the building boom between the 1920s and the 1950s: colonials, Tudors, capes and split-levels on modest lots, with newer construction and attached inventory filled in around them. That mix is exactly what the table above is describing. A large detached-house market and a substantial condominium and apartment market coexisting in a small town.
Verona Park, an Essex County park built around Verona Lake, sits near the centre of town and is the township’s defining open space. Bloomfield Avenue runs through as the main commercial spine, carrying most of the local shops and restaurants. Verona borders Cedar Grove, North Caldwell, West Orange and Montclair.
The median sale price in Verona was $717,000 across 156 recorded sales between August 2025 and July 2026, at 112% of list price and an average of 35 days on market.
Both, depending on price. The house tiers are strongly a seller’s market. $832,500 at 116% of list in 33 days and $896,000 at 115% in 26 days. The small-unit market is close to balanced: $592,500 at 102% over 41 days and $325,000 at 100% over 49 days. The 112% town-wide figure is an average of those two and describes neither one accurately.
The average sale price was $750,424 against a $717,000 median. The gap reflects the shape of the market rather than a handful of trophy sales: a large block of inventory sits at $325,000 and $592,500, while the house market runs from $832,500 to roughly $1,000,000. The median lands in the valley between them, and the average is pulled upward by the volume of higher-priced houses.
Thirty-five days on average town-wide, but that spread is wide. Houses averaged 26 to 33 days, while the $592,500 tier took 41 days and the $325,000 tier took 49.
Sales above $1,000,000 in Verona trigger New Jersey’s Graduated Percent Fee, formerly the “mansion tax.” Since July 10, 2025 it is paid by the seller rather than the buyer, starting at 1% of the entire sale price and rising with price. Because the rate steps up at fixed thresholds, a sale crossing one by a small margin can cost more than it gains. See the New Jersey mansion tax seller’s guide for the brackets and where the thresholds fall.
Market data derived from Garden State MLS (GSMLS), August 2025 through July 2026. Statistics reflect residential sales and are not a guarantee of future results.
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