The Good Life Group's Market Report
Glen Ridge, NJ 07028
Single-Family Homes
Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158
Glen Ridge, NJ 07028
Thu Aug 07 2025
This week the median list price for Glen Ridge, NJ 07028 is $779,000 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has decreased to 3.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $779,000 | |
| Median Price of New Listings | $650,000 | |
| Per Square Foot | $480 | |
| Average Days on Market | 26 | |
| Median Days on Market | 35 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 3 | |
| Median Rent | ||
| Market Action | 80 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,895,000 | 3,940 | 0.25 - 0.5 acre | 6 | 4 | 94 | 0 | 2 | 42 |
| $779,000 | 0 | 0 - 4,500 sqft | 5 | 2 | 116 | 0 | 1 | 35 |
| $650,000 | 0 | - | 2 | 1 | 125 | 1 | 1 | 0 |
| $0 | 0 | - | NaN | 0 | NaN | 0 | 1 | NaN |