$5,938 Closing Credit*
$500,000
3 Beds
•3 Full Baths
Michiko Furusho, Listing Office: Christie's International Real Estate Group-Fort Lee
Is Ramsey, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ramsey was a Seller's Market.
Key Takeaway
Ramsey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ramsey, NJ
How much do homes in Ramsey, NJ cost?
Median Sold Price
$655,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+2.8%)
Key Takeaway
Homes in Ramsey have sold for 2.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $253K | +10.0% |
| 2 Bedrooms | $557.1K | $515K | -7.6% |
| 3 Bedrooms | $675K | $655.5K | -2.9% |
| 4 Bedrooms | $685.5K | $804.3K | +17.3% |
| 5+ Bedrooms | $985K | $1.0M | +5.1% |
Summary: Ramsey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Ramsey | $637.5K | $655.5K | +2.8% |
| Mahwah Township | $600K | $581.4K | -3.1% |
| Mahwah | $600K | $581.4K | -3.1% |
Housing Supply in Ramsey, NJ
How many homes are available in Ramsey, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 32 | +100.0% |
Summary: The Ramsey real estate market had 32 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 4 | 11 | +175.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Ramsey 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 increased by 20%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 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 Ramsey, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ramsey in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ramsey, NJ
We’re sorry, we don't have information for this market at the moment
