$1,098 Closing Credit*
$92,500
900 SqFt
1 Bed
•1 Full Bath
Matthew D Kennedy, Listing Office: Keller Williams Realty WNY
Is Ridgeway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Ridgeway was a Seller's Market.
Key Takeaway
Ridgeway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridgeway, NY
How much do homes in Ridgeway, NY cost?
Median Sold Price
$160,500
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,500(+18.9%)
Key Takeaway
Homes in Ridgeway have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Ridgeway was $160,500 in September 2024, up 18.9% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $125K | $117K | -6.4% |
| 3 Bedrooms | $135K | $160.5K | +18.9% |
| 4 Bedrooms | $148.5K | $211.5K | +42.4% |
| 5+ Bedrooms | $104.2K | $175K | +67.9% |
Summary: Ridgeway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 67.9%.
Median Sold Price Compared To Nearby Cities
| Yates | $152.2K | $227.5K | +49.4% |
| Ridgeway | $135K | $160.5K | +18.9% |
| Medina | $136.7K | $152.3K | +11.4% |
| Shelby | $164.6K | $142.5K | -13.5% |
Housing Supply in Ridgeway, NY
How many homes are available in Ridgeway, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 17 | -41.4% |
Summary: The Ridgeway real estate market had 17 homes for sale in September 2024, a 41.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 6 | -60.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ridgeway housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgeway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ridgeway in September 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ridgeway, NY
How long does it take to sell a home in Ridgeway, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -9.7% |
Summary: Homes in Ridgeway had an average of 6 days on market in Sep 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridgeway are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Ridgeway; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
