Lina Panza's Market Report

Glen Ridge, NJ 07028

Single-Family Homes

Keller Williams NJ Metro | www.WalkableSuburb.com | 973-809-5277



Current active inventory in Glen Ridge, NJ 07028 is very low. Keep this in mind when looking at this report.

Glen Ridge, NJ 07028

Sun Mar 03 2024
This week the median list price for Glen Ridge, NJ 07028 is $1,494,000 with the market action index hovering around 44. This is less than last month's market action index of 59. Inventory has decreased to 2. Click here to stay informed with the Glen Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Glen Ridge, NJ 07028

Sun Mar 03 2024
This week the median list price for Glen Ridge, NJ 07028 is $1,494,000 with the market action index hovering around 44. This is less than last month's market action index of 59. Inventory has decreased to 2. Click here to stay informed with the Glen Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Glen Ridge market.
Median List Price $1,494,000
Median Price of New Listings $1,494,000
Per Square Foot $587
Average Days on Market 0
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 44
Slight Seller's Advantage

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,999,000 2,617 0.5 - 1 acre 5 4.5 66 1 0 0
$989,000 2,400 8,000 - 10,000 sqft 4 3.5 98 1 0 0