Is Ramsey, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$670,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ramsey have sold for 8.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.5K | $230K | -9.6% |
| 2 Bedrooms | $465K | $561K | +20.7% |
| 3 Bedrooms | $612.5K | $670K | +9.4% |
| 4 Bedrooms | $750K | $728K | -2.9% |
| 5+ Bedrooms | $1.1M | $825K | -29.5% |
Summary: Ramsey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Mahwah Township | $540K | $665K | +23.1% |
| Mahwah | $540K | $665K | +23.1% |
| Allendale | $920K | $1.0M | +12.2% |
| Ramsey | $615K | $670K | +8.9% |
Housing Supply in Ramsey, NJ
How many homes are available in Ramsey, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The Ramsey real estate market had 21 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Ramsey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 Ramsey, 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 Ramsey in April 2024, down by 33.3% 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 Ramsey, NJ
We’re sorry, we don't have information for this market at the moment
