Is Ridgewood Trails, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ridgewood Trails has remained a Seller's Market.
Key Takeaway
Ridgewood Trails is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgewood Trails, FL
How much do homes in Ridgewood Trails, FL cost?
Median Sold Price
$365,620
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ridgewood Trails has remained the same since last year.
Summary: The median home sold price in Ridgewood Trails was $365,620 in April 2024, up 0.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $372.5K | N/A |
| 3 Bedrooms | $347.5K | $365.5K | +5.2% |
| 4 Bedrooms | $364.8K | $360K | -1.3% |
| 5+ Bedrooms | $472.5K | $399.8K | -15.4% |
Summary: Ridgewood Trails housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Ridgewood Trails | $364.8K | $365.6K | 0.2% |
| Azalea Ridge | $360K | $345K | -4.2% |
Housing Supply in Ridgewood Trails, FL
How many homes are available in Ridgewood Trails, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Ridgewood Trails real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ridgewood Trails housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgewood Trails, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ridgewood Trails in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ridgewood Trails, FL
How long does it take to sell a home in Ridgewood Trails, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 51 Days | +87.3% |
Summary: Homes in Ridgewood Trails had an average of 51 days on market in Apr 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ridgewood Trails has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Ridgewood Trails; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
