Real Estate Market Update for Ridgewood, NY

Video: Real Estate Community Tour for Ridgewood, NY

See Real estate community tour for Ridgewood, NY
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 36% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 73%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 490-thousand dollars. The number of units sold was consistent year-over-year, and held steady month-over-month. ... an indication that local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Ridgewood, NY
Area Information for Ridgewood, NY
  • Population: 101,613
  • Median Age: 36.31 yr
  • Median Commute Time: 39 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 28,126/sq mi
  • Population Change Since 2000: 4.08%
  • Closest Airport: La Guardia
  • Closest College: Plaza College
  • Closest Jr. College: Bramson Ort College
  • Median Household Income: $54,741
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $560,000
  • Closest Major Sports Team: New York Mets
  • Change Avg. Household Income Since 2000: 45.09%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Ridgewood, NY
Median Age: 36.31 Married: 37% Number of Households: 35,922 Households with Children: 12,215
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Ridgewood, NY

      School Name Distance Type Grades School Rating Parent Rating
      Ps 88 Seneca 0.3 mi Public PRESCHOOL-5 2 0
      Ps 68 Cambridge 0.4 mi Public PRESCHOOL-5 2 0
      Ps 91 Richard Arkwright 0.5 mi Public PRESCHOOL-5 2 0
      St Matthias School 0.5 mi Catholic PRESCHOOL-8 0 0
      Is 77 0.5 mi Public 6-8 1 0
      St Pancras School 0.5 mi Catholic PRESCHOOL-8 0 0
      Ps 239 0.6 mi Public PRESCHOOL-5 1 0
      Is 93 Ridgewood 0.6 mi Public 6-8 2 4
      Redeemer Lutheran School 0.6 mi Private PRESCHOOL-8 0 0
      Robert E Peary School 0.6 mi Public PRESCHOOL-8 0 0
      Notre Dame Catholic Academy 0.9 mi Catholic PRESCHOOL-8 0 0
      Ps 71 Forest 1.0 mi Public PRESCHOOL-5 3 0
      I.s. 119 The Glendale 1.0 mi Public K-8 4 0
      Ps 81 Jean Paul Richter 1.0 mi Public K-5 2 0
      Grover Cleveland H.s. 1.1 mi Public 9-12 1 3
      Ace Academy For Scholars At The Geraldine Ferraro 1.1 mi Public K-2 4 0
      Learners And Leaders 1.2 mi Public PRESCHOOL-4 0 0
      St Aloysius Elementary School 1.2 mi Catholic PRESCHOOL-8 0 0
      Sacred Heart School 1.5 mi Catholic PRESCHOOL-8 0 0
      Ps 113 Isaac Chauncey 1.7 mi Public K-8 4 0
      St John Evangelical Lutheran School 1.8 mi Private PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Ridgewood, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.