$7,124 Closing Credit*
$599,900
3 Beds
•2 Full Baths
Nicole Minetti, Listing Office: Keller Williams Village Square Realty
Is Ramsey, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Ramsey was a Seller's Market.
Key Takeaway
Ramsey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ramsey, NJ
How much do homes in Ramsey, NJ cost?
Median Sold Price
$651,000
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$3,500(+0.5%)
Key Takeaway
Homes in Ramsey have sold for 0.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $253K | +10.0% |
| 2 Bedrooms | $516.5K | $536K | +3.8% |
| 3 Bedrooms | $645K | $655.5K | +1.6% |
| 4 Bedrooms | $669K | $813.5K | +21.6% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.4% |
Summary: Ramsey housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Mahwah Township | $567.5K | $600K | +5.7% |
| Mahwah | $567.5K | $600K | +5.7% |
| Ramsey | $647.5K | $651K | 0.5% |
Housing Supply in Ramsey, NJ
How many homes are available in Ramsey, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Ramsey real estate market had 22 homes for sale in August 2024, a 10.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Ramsey housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ramsey in August 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Ramsey, NJ
We’re sorry, we don't have information for this market at the moment
