Is Ringwood, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ringwood is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Ringwood has remained a Seller's Market.

Key Takeaway

Ringwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ringwood, NJ

How much do homes in Ringwood, NJ cost?

Median Sold Price

$540,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+9.1%)

Key Takeaway

Homes in Ringwood have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Ringwood was $540,000 in November 2024, up 9.1% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $358K$450K
+25.7%
3 $485K$508.5K
+4.8%
4 $565K$615K
+8.8%
5+ $675K$662.5K
-1.9%

Summary: Ringwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

West Milford
+18.8%
Bloomingdale
+10.1%
Ringwood
+9.1%
Wanaque
+4.0%
Oakland
-0.5%

Housing Supply in Ringwood, NJ

How many homes are available in Ringwood, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4235-16.7%

Summary: The Ringwood real estate market had 35 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1711
-35.3%
4 1615
-6.3%
5+ 34
+33.3%

Summary: The Ringwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ringwood, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Ringwood in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.

Days on Market for Ringwood, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Ringwood, NJ

Nearby Markets to Ringwood, NJ

What housing markets are near Ringwood, NJ?