$4,501 Closing Credit*
$379,000
2 Beds
•1 Full Bath
Danny Nunez, Listing Office: Realty One Group Legend, Clifton
Is Ringwood, 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, 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
$540,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+9.1%)
Key Takeaway
Homes in Ringwood have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Ringwood was $540,000 in November 2024, up 9.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $358K | $450K | +25.7% |
| 3 Bedrooms | $485K | $508.5K | +4.8% |
| 4 Bedrooms | $565K | $615K | +8.8% |
| 5+ Bedrooms | $675K | $662.5K | -1.9% |
Summary: Ringwood 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 increased by 25.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| West Milford | $370K | $439.5K | +18.8% |
| Bloomingdale | $445K | $490K | +10.1% |
| Ringwood | $495K | $540K | +9.1% |
| Wanaque | $437.4K | $455K | +4.0% |
| Oakland | $635K | $632K | -0.5% |
Housing Supply in Ringwood, NJ
How many homes are available in Ringwood, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Summary: The Ringwood real estate market had 35 homes for sale in November 2024, a 16.7% decrease 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ringwood 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 decreased by 16.7%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ringwood, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Ringwood in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Ringwood, NJ
We’re sorry, we don't have information for this market at the moment
