Wood Ridge, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 95 transactions over the past year in Wood Ridge. The median value for residential home transactions that occurred over the previous year is $596,252.61. The number of current listings in Wood Ridge is 6, and the percentage of properties for sale in the city is 6.00%. Wood Ridge, NJ currently has 25 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 6 properties for sale.

Wood Ridge, NJ Real Estate Market Overview

ZipMedian Est. Value
07075

$ 654,100

$ 358/sqft

Housing Market Summary for Wood Ridge, NJ

Apr 2023March 2024Change
Median Listing Price$550K$631.1K14.75%
Median Sold Price$427.4K$631.1K47.69%
Homes For Sale74-42.86%
Homes Sold9544-53.68%
Price
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Homes For Sale
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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%.

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Browse Homes in Wood Ridge, NJ

Wood Ridge home values range from $240,600 to $1,434,000. The median estimated value of a home in Wood Ridge is $596,252.61. The median list price of a home is 623,000, and the total count of properties in the city is 3,216.

Foreclosure
There is 1 zips within Wood Ridge, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $941,800 in 07075 to the lowest value of $490,200 in 07075. Foreclosure homes account for 0.00% of properties in Wood Ridge, NJ with 07075 containing 25 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.68% of all residential properties in Wood Ridge, NJ with 07075 containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Wood Ridge, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $941,800 in 07075 to the lowest home value of $490,200 in 07075.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Wood Ridge, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Wood Ridge, NJ. There is 1 zips within Wood Ridge, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    07075 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Wood Ridge, NJ. Auction homes and other auction properties account for 0.09% of all properties in Wood Ridge, NJ. There is 1 zips within Wood Ridge, NJ; of that zips, the median estimated home value for homes going to auction ranges from $713,100 in 07075 to the lowest value of $642,000 in 07075.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in Wood Ridge, NJ with 07075 containing 6 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Wood Ridge, NJ; homes for sale in that zips, have a range of median values from $985,800 in 07075 to the lowest value of $549,300 in 07075.
    Sold Homes
    The median value for recently sold homes ranges from $900,800 in 07075 to the lowest price of $290,500 in 07075. There is 1 zips within Wood Ridge, NJ. 07075 has 48 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.49% of properties in Wood Ridge, NJ.

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      Guide for Wood Ridge, NJ

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Fix and Flip
      Tallahassee’s Real Estate Market A in Review 2023-2024
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      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.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      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.

      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.