Homes in Ridgewood are moving at a moderate clip, with a rolling three-month median of 54 days on the market. That pace is a bit slower than some past periods, suggesting buyers may have slightly more time to make decisions than during the fastest stretches of recent years.
Prices have climbed over the past year even with that steadier pace. The typical home value over the latest three-month window is up more than 30% year over year, while the median list price is roughly flat compared with a year ago, indicating sellers are not pushing asking prices as aggressively as closing prices suggest. Inventory is relatively lean at 3.2 months of supply, down sharply from a year earlier, which helps explain why sale prices can outpace list prices. On average, homes are selling for just over 101% of list, and about one-third of recent sales closed above asking.
Activity levels in Ridgewood have also shifted. Pending sales in the latest rolling three months are up more than 50% from a year ago, while new listings have increased at a slower pace, adding to the seller’s market conditions. With only 9 active listings in this period, each new property can attract notable attention from buyers. Agent Pronto can connect both buyers navigating this tight market and sellers aiming to price strategically with a Ridgewood agent who understands these trends.
