$5,936 Closing Credit*
$499,900
5 Beds
•3 Full Baths
Matthew Gevirtz, Listing Office: EXP Realty, LLC
Is Ringwood, 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, Ringwood has remained a Seller's Market.
Key Takeaway
Ringwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ringwood, NJ
How much do homes in Ringwood, NJ cost?
Median Sold Price
$510,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,500(+5.5%)
Key Takeaway
Homes in Ringwood have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Ringwood was $510,000 in October 2024, up 5.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $422.5K | +17.4% |
| 3 Bedrooms | $480K | $500K | +4.2% |
| 4 Bedrooms | $550K | $615K | +11.8% |
| 5+ Bedrooms | $727.5K | $464K | -36.2% |
Summary: Ringwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 36.2%.
Median Sold Price Compared To Nearby Cities
| West Milford | $359.7K | $430K | +19.5% |
| Bloomingdale | $445K | $487.5K | +9.6% |
| Wanaque | $428K | $455K | +6.3% |
| Ringwood | $483.5K | $510K | +5.5% |
| Oakland | $630K | $634.7K | +0.8% |
Housing Supply in Ringwood, NJ
How many homes are available in Ringwood, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Summary: The Ringwood real estate market had 47 homes for sale in October 2024, a 27.0% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ringwood 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 50%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ringwood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Ringwood in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.
Days on Market for Ringwood, NJ
We’re sorry, we don't have information for this market at the moment
