$3,907 Closing Credit*
$329,000
2 Beds
•2 Full Baths
Listing Office: COMPASS NEW JERSEY LLC
Is Glen Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Glen Ridge was a Seller's Market.
Key Takeaway
Glen Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glen Ridge, NJ
How much do homes in Glen Ridge, NJ cost?
Median Sold Price
$999,999
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$134,999(+15.6%)
Key Takeaway
Homes in Glen Ridge have sold for 15.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $190K | +15.2% |
| 2 Bedrooms | $515K | $361K | -29.9% |
| 3 Bedrooms | $757.4K | $871.2K | +15.0% |
| 4 Bedrooms | $855K | $1.0M | +24.0% |
| 5+ Bedrooms | $1.3M | $1.3M | -4.4% |
Summary: Glen Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Montclair | $1.1M | $1.3M | +18.2% |
| Montclair Township | $1.1M | $1.3M | +16.9% |
| Glen Ridge | $865K | $999.9K | +15.6% |
| Bloomfield | $515K | $588.9K | +14.4% |
| Bloomfield Township | $515K | $588.9K | +14.4% |
Housing Supply in Glen Ridge, NJ
How many homes are available in Glen Ridge, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Glen Ridge real estate market had 21 homes for sale in November 2024, a 31.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Glen Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Glen Ridge in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Glen Ridge, NJ
We’re sorry, we don't have information for this market at the moment
