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
Sat Jun 07 2025
This week the median list price for Glen Ridge, NJ 07028 is $1,049,499 with the market action index hovering around 91. This is less than last month's market action index of 100. Inventory has held steady at or around 12.
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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,049,499 | |
| Median Price of New Listings | $1,407,500 | |
| Per Square Foot | $521 | |
| Average Days on Market | 30 | |
| Median Days on Market | 21 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 91 | |
| Strong Seller's Market | ||
Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,699,000 | 0 | - | 6 | 5 | 110 | 1 | 1 | 14 |
| $1,299,999 | 2,300 | - | 5 | 3.5 | 105 | 0 | 1 | 70 |
| $799,000 | 0 | 4,500 - 6,500 sqft | 4 | 2 | 100 | 0 | 1 | 21 |
| $549,987 | 0 | - | 3 | 1 | 106 | 1 | 1 | 21 |