Is Ridgeway, 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, Ridgeway was a Buyer's Market.
Key Takeaway
Ridgeway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgeway, NY
How much do homes in Ridgeway, NY cost?
Median Sold Price
$135,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ridgeway have sold for 6% less than they did a year ago.
Summary: The median home sold price in Ridgeway was $135,000 in March 2024, down 6% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $120K | +275.0% |
| 2 Bedrooms | $130K | $121K | -6.9% |
| 3 Bedrooms | $138.5K | $137.5K | -0.7% |
| 4 Bedrooms | $148.5K | $225K | +51.5% |
| 5+ Bedrooms | $153K | $129.5K | -15.4% |
Summary: Ridgeway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 275%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 51.5%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Shelby | $152.5K | $158.5K | +3.9% |
| Medina | $144.3K | $143K | -0.9% |
| Ridgeway | $143.6K | $135K | -6.0% |
| Yates | $155K | $135K | -12.9% |
Housing Supply in Ridgeway, NY
How many homes are available in Ridgeway, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Ridgeway real estate market had 7 homes for sale in March 2024, a 30.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ridgeway 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +16.7% |
Summary: Homes in Ridgeway had an average of 35 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 March 2024, 2 homes were sold in Ridgeway; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
