$7,422 Closing Credit*
$625,000
3 Beds
•2 Full Baths, 1 Partial
Michael Donohue, Listing Office: Compass New Jersey, LLC-Ridgewood
Is Ridgefield Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ridgefield Park was a Seller's Market.
Key Takeaway
Ridgefield Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridgefield Park, NJ
How much do homes in Ridgefield Park, NJ cost?
Median Sold Price
$595,000
$292/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,000(+11.2%)
Key Takeaway
Homes in Ridgefield Park have sold for 11.2% more than they did a month ago.
Summary: The median home sold price in Ridgefield Park was $595,000 in October 2024, up 11.2% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $520K | $390K | -25.0% |
| 4 Bedrooms | $720K | $800K | +11.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ridgefield Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Housing Supply in Ridgefield Park, NJ
How many homes are available in Ridgefield Park, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Ridgefield Park real estate market had 18 homes for sale in October 2024, a 12.5% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ridgefield Park 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgefield Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ridgefield Park in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ridgefield Park, NJ
How long does it take to sell a home in Ridgefield Park, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridgefield Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Ridgefield Park; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.