Is Ringoes, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ringoes was a Seller's Market.
Key Takeaway
Ringoes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ringoes, NJ
How much do homes in Ringoes, NJ cost?
Median Sold Price
$745,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ringoes have sold for 8% more than they did a year ago.
Summary: The median home sold price in Ringoes was $745,000 in March 2024, up 8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $360K | +12.5% |
| 3 Bedrooms | $475K | $435K | -8.4% |
| 4 Bedrooms | $782.2K | $804.9K | +2.9% |
| 5+ Bedrooms | $753K | $1.3M | +76.0% |
Summary: Ringoes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 76%.
Median Sold Price Compared To Nearby Cities
| West Amwell Township | $483K | $615K | +27.3% |
| East Amwell Township | $575K | $690.5K | +20.1% |
| Ringoes | $690K | $745K | +8.0% |
| Raritan Township | $495K | $511.1K | +3.3% |
Housing Supply in Ringoes, NJ
How many homes are available in Ringoes, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Ringoes real estate market had 24 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ringoes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ringoes, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ringoes in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ringoes, NJ
We’re sorry, we don't have information for this market at the moment
