Is Glen Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Glen Ridge has remained a Seller's Market.
Key Takeaway
Glen Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Ridge, NJ
How much do homes in Glen Ridge, NJ cost?
Median Sold Price
$990,999
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glen Ridge have sold for 7.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $170K | -16.3% |
| 2 Bedrooms | $475K | $516K | +8.6% |
| 3 Bedrooms | $705.4K | $762.4K | +8.1% |
| 4 Bedrooms | $950K | $910K | -4.2% |
| 5+ Bedrooms | $1.3M | $1.3M | -0.6% |
Summary: Glen Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Montclair Township | $990K | $1.1M | +19.6% |
| Montclair | $989.8K | $1.1M | +18.8% |
| Bloomfield | $464.5K | $530.7K | +14.2% |
| Bloomfield Township | $466.5K | $530.3K | +13.7% |
| Glen Ridge | $925K | $990.9K | +7.1% |
Housing Supply in Glen Ridge, NJ
How many homes are available in Glen Ridge, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 26 | +44.4% |
Summary: The Glen Ridge real estate market had 26 homes for sale in March 2024, a 44.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Glen Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Ridge, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Glen Ridge in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Glen Ridge, NJ
We’re sorry, we don't have information for this market at the moment
