$9,488 Closing Credit*
$799,000
5 Beds
•2 Full Baths
Jae Seok Shim, Listing Office: C Land Realty Co.
Is Ridgewood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ridgewood has remained a Seller's Market.
Key Takeaway
Ridgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgewood, NJ
How much do homes in Ridgewood, NJ cost?
Median Sold Price
$1,100,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250,000(+29.4%)
Key Takeaway
Homes in Ridgewood have sold for 29.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $627K | $500K | -20.3% |
| 3 Bedrooms | $740K | $935K | +26.4% |
| 4 Bedrooms | $1.1M | $1.1M | +5.9% |
| 5+ Bedrooms | $1.3M | $1.8M | +38.0% |
Summary: Ridgewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
| Ridgewood | $850K | $1.1M | +29.4% |
| Washington Township | $357K | $410K | +14.8% |
| Glen Rock | $910K | $902K | -0.9% |
Housing Supply in Ridgewood, NJ
How many homes are available in Ridgewood, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Ridgewood real estate market had 32 homes for sale in November 2024, a 18.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Ridgewood housing inventory by bedroom type for November 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 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgewood, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Ridgewood in November 2024, up by 350.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Ridgewood, NJ
We’re sorry, we don't have information for this market at the moment
