Is Ridgewood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ridgewood was a Seller's Market.
Housing Prices in Ridgewood, NJ
How much do homes in Ridgewood, NJ cost?
Median Sold Price
$975,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ridgewood was $975,000 in May 2024, up 8.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $564K | - | N/A |
3 Bedrooms | $740K | $750K | +1.4% |
4 Bedrooms | $900K | $1.1M | +25.6% |
5+ Bedrooms | $1.2M | $1.3M | +6.2% |
Summary: Ridgewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Glen Rock | $820K | $920K | +12.2% |
Ridgewood | $899.9K | $975K | +8.3% |
Washington Township | $359K | $386K | +7.5% |
Township Of Washington | $628K | $625K | -0.5% |
Housing Supply in Ridgewood, NJ
How many homes are available in Ridgewood, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 37 | +76.2% |
Summary: The Ridgewood real estate market had 37 homes for sale in May 2024, a 76.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 4 | 12 | +200.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Ridgewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ridgewood in May 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Ridgewood, NJ
We’re sorry, we don't have information for this market at the moment