Is Ridge, NY 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, Ridge was a Seller's Market.
Key Takeaway
Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridge, NY
How much do homes in Ridge, NY cost?
Median Sold Price
$395,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Ridge has remained the same since last year.
Summary: The median home sold price in Ridge was $395,000 in March 2024, down 0.4% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.2K | $225K | +5.0% |
| 2 Bedrooms | $350K | $370K | +5.7% |
| 3 Bedrooms | $444.1K | $465K | +4.7% |
| 4 Bedrooms | $545K | $580K | +6.4% |
| 5+ Bedrooms | $603K | $600K | -0.5% |
Summary: Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Rocky Point | $415K | $480K | +15.7% |
| East Shoreham | $599.5K | $680K | +13.4% |
| Middle Island | $340K | $385K | +13.2% |
| Ridge | $396.4K | $395K | -0.4% |
Housing Supply in Ridge, NY
How many homes are available in Ridge, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 103 | +10.8% |
Summary: The Ridge real estate market had 103 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 51 | 58 | +13.7% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridge, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Ridge in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Ridge, NY
How long does it take to sell a home in Ridge, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 42 Days | -17.5% |
Summary: Homes in Ridge had an average of 42 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Ridge; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.