Real estate stats for Ridgewood, NJ
The data for the 3rd quarter is in. The Ridgewood, NJ real estate market is stable – as it’s been for the last few years.
Here are a few of the major data points:
- Homes are selling very close to asking price (98.5% of the last list price.)
- The median sales price jumped 3.8% year over year.
- The inventory of homes on the market still favors sellers.
The only bear-ish figure in the report is the number of expired listings. In third quarter of 2018 the number of expired was 65, and in the same period last year it was 45.
That may suggest sellers have a higher opinion of the market than buyers do. While inventory of homes is indeed low, 3.4% price appreciation over 5 years is a very modest increase.
Check out the latest Ridgewood, NJ homes for sale right here on BuyingInBergen.com.
Ridgewood, NJ homes under $500,000
Ridgewood, NJ homes under $750,000
Ridgewood, NJ homes under $1,000,000
Ridgewood, NJ homes over $1,000,000