$6,519 Closing Credit*
$549,000
1,152 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Douglas Elliman Real Estate
Is Ridge, NY 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, Ridge was a Seller's Market.
Key Takeaway
Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridge, NY
How much do homes in Ridge, NY cost?
Median Sold Price
$425,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.6%)
Key Takeaway
Homes in Ridge have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Ridge was $425,000 in October 2024, up 7.6% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.4K | $233.5K | +7.4% |
| 2 Bedrooms | $360K | $381.2K | +5.9% |
| 3 Bedrooms | $446.5K | $500.5K | +12.1% |
| 4 Bedrooms | $587.5K | $582.5K | -0.9% |
| 5+ Bedrooms | $720K | $620K | -13.9% |
Summary: Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Middle Island | $355K | $425K | +19.7% |
| Rocky Point | $461K | $499.5K | +8.4% |
| East Shoreham | $612K | $662.5K | +8.3% |
| Ridge | $395K | $425K | +7.6% |
Housing Supply in Ridge, NY
How many homes are available in Ridge, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Ridge real estate market had 101 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 51 | 58 | +13.7% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridge, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Ridge in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Ridge, NY
How long does it take to sell a home in Ridge, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +17.3% |
Summary: Homes in Ridge had an average of 42 days on market in Oct 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Ridge; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.