$9,144 Closing Credit*
$770,000
6 Beds
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Glen Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Glen Ridge has remained a Seller's Market.
Key Takeaway
Glen Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Ridge, NJ
How much do homes in Glen Ridge, NJ cost?
Median Sold Price
$1,050,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$210,000(+25.0%)
Key Takeaway
Homes in Glen Ridge have sold for 25% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $187.5K | +17.9% |
| 2 Bedrooms | $515K | $361K | -29.9% |
| 3 Bedrooms | $753K | $881.7K | +17.1% |
| 4 Bedrooms | $840K | $1.0M | +26.2% |
| 5+ Bedrooms | $1.3M | $1.3M | -5.9% |
Summary: Glen Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Glen Ridge | $840K | $1.0M | +25.0% |
| Bloomfield | $496K | $578.3K | +16.6% |
| Bloomfield Township | $496K | $578.3K | +16.6% |
| Montclair | $1.1M | $1.2M | +15.1% |
| Montclair Township | $1.1M | $1.2M | +13.9% |
Housing Supply in Glen Ridge, NJ
How many homes are available in Glen Ridge, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Glen Ridge real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Glen Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Ridge, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Glen Ridge in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
