Ridgewood, NJ's Hot Real Estate Market

Ridgewood, NJ's Hot Real Estate Market

The Ridgewood, NJ Real Estate Market isn't just hot, it's on fire! Our office, Keller Williams Villiage Square Realty is having an awesome year and June and July were incredibly busy months for us!

The median list price for single family homes in Ridgewood, NJ right now is $699,000. Median sales price is beginning to coinside with median list price once again. Back in late February, median sales prices plummeted down to as low as $420,000. The median sale price for single family homes in Ridgewood climbed up to $528,750 in June. The Ridgewood market has made a huge comeback as we are now seeing bidding wars and median sales price is actually just above median list price! List prices in Ridgewood dropped by -4.11% from last month though, so there are still some bargains out there!

Our inventory is tightning up as well. The number of active listings in Ridgewood dropped by 18.5% from last month. Ridgewood real estate is in high demand, with average days on market at just 77 days. This is significantly shorter than the national average.

Additionally, the percent of unoccupied properties remains very low in Ridgewood. It is -10.5% below the national average. And the percent of owner occupied properties in Ridgewood is 14.94% above the national average.

If you have been thinking about listing your home here in Ridgewood, NJ, now is a great time to do so. The market has been red-hot and it doesn't show any signs of it slowing down. If it's time to talk to a Realtor® who knows Ridgewood, NJ Homes and Real Estate, give me a call at 201-247-6341, or email me at Anawcl@aol.com. To learn more about Ridgewood, NJ, I invite you to visit my website and become a Ridgewood Market Insider today!

Ana Moniz provides an exceptional level of real estate services to home buyers and sellers in Northwest Bergen County and Pascack Valley. Visit www.anamonizrealestate.com to search for homes and get community information for Allendale, Emerson, Fair Lawn, Franklin Lake, Glen Rock, Hillsdale, Hohokus, Mahwah, Midland Park, Montvale, Oakland, Oradell, Paramus, Park Ridge, Ramsey, Ridgewood Village, River Vale, Saddle River, Upper Saddle River, Waldwick, Washington Township, Woodcliff Lake, and Wyckoff, NJ.

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