Ringwood, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 122 transactions over the past year in Ringwood. The median value for residential home transactions that occurred over the previous year is $511,018.75. The number of current listings in Ringwood is 14, and the percentage of properties for sale in the city is 14.00%. Ringwood, NJ currently has 54 properties in foreclosure, 2 bank owned properties, 6 properties headed for auction, and 14 properties for sale.
Ringwood, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07456 | $ 476,500 $ 297/sqft |
Housing Market Summary for Ringwood, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $469.9K | $502K | 6.83% |
| Median Sold Price | $443.6K | $502K | 13.18% |
| Homes For Sale | 19 | 14 | -26.32% |
| Homes Sold | 66 | 91 | 37.88% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Ringwood, NJ
Browse Homes in Ringwood, NJ
Ringwood home values range from $185,300 to $958,500. The median estimated value of a home in Ringwood is $511,018.75. The median list price of a home is 394,894, and the total count of properties in the city is 4,284.
- Pre-ForeclosurePre-foreclosure homes account for 1.07% of all residential properties in Ringwood, NJ with 07456 containing 46 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Ringwood, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $943,800 in 07456 to the lowest home value of $196,700 in 07456.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Ringwood, NJ ranges from the highest value of $460,500 in 07456 to the lowest value of $457,500 in 07456. Bank owned homes and properties account for 0.05% of properties in Ringwood, NJ. There is 1 zips within Ringwood, NJ; 07456 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07456 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Ringwood, NJ. Auction homes and other auction properties account for 0.14% of all properties in Ringwood, NJ. There is 1 zips within Ringwood, NJ; of that zips, the median estimated home value for homes going to auction ranges from $743,200 in 07456 to the lowest value of $233,900 in 07456.
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More Real Estate Resources for Ringwood, NJ
Guide for Ringwood, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
