Lina Panza's Market Report

Glen Ridge, NJ 07028

Condos/Townhomes

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 $230,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has held steady at or around 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Glen Ridge, NJ 07028

Sun Mar 03 2024
This week the median list price for Glen Ridge, NJ 07028 is $230,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has held steady at or around 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Glen Ridge market.
Median List Price $230,000
Median Price of New Listings $0
Per Square Foot $0
Average Days on Market 25
Median Days on Market 25
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 67
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$290,000 0 - 2 2 59 0 1 28
$170,000 0 - 1 1 59 0 0 21