Is Ridgewood, 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, Ridgewood was a Seller's Market.
Housing Prices in Ridgewood, NY
How much do homes in Ridgewood, NY cost?
Median Sold Price
$1,080,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ridgewood was $1,080,000 in March 2024, up 2.9% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $579.5K | $520K | -10.3% |
2 Bedrooms | $729.5K | $615K | -15.7% |
3 Bedrooms | $799.9K | $805K | +0.6% |
4 Bedrooms | $965K | $1.0M | +4.9% |
5+ Bedrooms | $1.1M | $1.1M | -0.6% |
Summary: Ridgewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
Ridgewood | $1.0M | $1.0M | +2.9% |
Glendale | $837.5K | $840K | 0.3% |
Middle Village | $895K | $868.3K | -3.0% |
Maspeth | $900K | $852.5K | -5.3% |
Housing Supply in Ridgewood, NY
How many homes are available in Ridgewood, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 100 | +11.1% |
Summary: The Ridgewood real estate market had 100 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 63 | 70 | +11.1% |
Summary: The Ridgewood 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Ridgewood in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Ridgewood, NY
How long does it take to sell a home in Ridgewood, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 67 Days | +44.8% |
Summary: Homes in Ridgewood had an average of 67 days on market in Mar 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Ridgewood; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.