Ridgefield Park, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 105 transactions over the past year in Ridgefield Park. The median value for residential home transactions that occurred over the previous year is $534,542.86. The number of current listings in Ridgefield Park is 2, and the percentage of properties for sale in the city is 2.00%. Ridgefield Park, NJ currently has 51 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 2 properties for sale.
Ridgefield Park, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07660 | $ 480,650 $ 380/sqft |
Housing Market Summary for Ridgefield Park, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $489.5K | $555.5K | 13.48% |
| Median Sold Price | $457.6K | $555.5K | 21.39% |
| Homes For Sale | 6 | 2 | -66.67% |
| Homes Sold | 58 | 53 | -8.62% |
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 Ridgefield Park, NJ
Browse Homes in Ridgefield Park, NJ
Ridgefield Park home values range from $237,700 to $1,429,000. The median estimated value of a home in Ridgefield Park is $534,542.86. The median list price of a home is 544,450, and the total count of properties in the city is 2,839.
- Pre-ForeclosurePre-foreclosure homes account for 1.73% of all residential properties in Ridgefield Park, NJ with 07660 containing 49 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Ridgefield Park, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $890,600 in 07660 to the lowest home value of $303,500 in 07660.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Ridgefield Park, NJ ranges from the highest value of $346,400 in 07660 to the lowest value of $346,400 in 07660. Bank owned homes and properties account for 0.04% of properties in Ridgefield Park, NJ. There is 1 zips within Ridgefield Park, NJ; 07660 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07660 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Ridgefield Park, NJ. Auction homes and other auction properties account for 0.04% of all properties in Ridgefield Park, NJ. There is 1 zips within Ridgefield Park, NJ; of that zips, the median estimated home value for homes going to auction ranges from $562,300 in 07660 to the lowest value of $562,300 in 07660.
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Guide for Ridgefield Park, 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.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.