Is Ridgewood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ridgewood was a Seller's Market.
Key Takeaway
Ridgewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridgewood, NJ
How much do homes in Ridgewood, NJ cost?
Median Sold Price
$951,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ridgewood have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Ridgewood was $951,000 in April 2024, up 8.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $501K | - | N/A |
| 3 Bedrooms | $740K | $733.5K | -0.9% |
| 4 Bedrooms | $878K | $1.1M | +28.7% |
| 5+ Bedrooms | $1.2M | $1.2M | -5.5% |
Summary: Ridgewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Ho-Ho-Kus | $999.9K | $1.2M | +27.8% |
| Ridgewood | $880K | $951K | +8.1% |
| Washington Township | $360K | $385K | +6.9% |
Housing Supply in Ridgewood, NJ
How many homes are available in Ridgewood, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 36 | +80.0% |
Summary: The Ridgewood real estate market had 36 homes for sale in April 2024, a 80.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 5 | 12 | +140.0% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Ridgewood housing inventory by bedroom type for April 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 75%, 4 bedroom homes increased by 140%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgewood, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Ridgewood in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Ridgewood, NJ
We’re sorry, we don't have information for this market at the moment
