Ridgewood Real Estate Market: October 2026

$1.3 Million Median Sale Price

Ridgewood's real estate market closed October with a median sale price of $1,300,000, reflecting continued strength in the upper-price segments. Sixty-six homes sold during the month, with a sale-to-list ratio of 109.1%—indicating that homes are selling above asking price on average.

Market Overview

October presented a mixed picture for Ridgewood's housing market. While year-over-year growth remained positive at 8.3%, the month-to-month change showed a notable decline of 18.6%, suggesting seasonal softening as fall progressed. The active inventory stood at 106 listings, translating to 4.8 months of supply—a balanced market that favors neither buyers nor sellers decisively, though the above-asking-price sales ratio indicates continued buyer competition.

Days on market (DOM) averaged 64 days, a reasonable timeframe that reflects the deliberate pace typical of higher-priced properties. The combination of strong year-over-year appreciation and a tightening month-to-month trend suggests the market may be entering a more measured phase after a robust spring and summer.

The price-to-list ratio of 109.1% underscores persistent demand relative to available inventory. Homes are not sitting idle; they're moving, and often at premiums. This dynamic has held steady throughout 2026, though the monthly decline warrants attention from both buyers and sellers planning their next moves.

What This Means for Owners

If you're considering selling, October's data offers a nuanced picture. The year-over-year appreciation of 8.3% demonstrates that Ridgewood remains an appreciating market, and the 109.1% sale-to-list ratio confirms that buyer demand is real. However, the 18.6% month-to-month decline suggests momentum may be slowing as we head into the final quarter.

For homeowners weighing a sale, the current environment still favors sellers—homes are moving above asking price. However, the 64-day average DOM indicates that properties are taking longer to sell than they did during peak season. If you're planning to list, pricing competitively and ensuring your home shows well remain critical. The tightening inventory (4.8 months of supply) means less competition, which works in your favor, but the seasonal slowdown means fewer active buyers.

What This Means for Buyers

Buyers face a constrained market. With only 106 active listings and 4.8 months of supply, your options are limited. The 109.1% sale-to-list ratio means you should expect to bid above asking price if you find a property you want. The 64-day DOM also suggests that homes that remain on the market may have pricing, condition, or other issues worth investigating.

The seasonal slowdown (18.6% month-to-month decline) may create pockets of opportunity as fewer buyers compete for listings. If you're flexible on timing and can move quickly when the right property appears, the fall market may reward patience. However, inventory constraints mean you'll need to act decisively when you find something suitable.

Price Tier Breakdown

The market remains heavily weighted toward higher-priced properties:

Price Segment	Sales	Median Price
$400K–$700K	6	$640,000
Over $700K	60	$1,331,500

Only 9% of October sales fell below $700K, while 91% occurred in the over-$700K segment. This concentration reflects Ridgewood's positioning as an upper-market community. Buyers seeking entry-level or mid-range properties will find very limited inventory; those in the luxury segment have more options but still face competitive conditions.

Key Metrics

Metric	Value
Median Sale Price	$1,300,000
Sales Volume	66
Active Inventory	106
Days on Market (Avg)	64
Months of Supply	4.8
Sale-to-List Ratio	109.1%
Year-over-Year Change	+8.3%
Month-over-Month Change	−18.6%

AI-generated estimates for informational purposes only. Not appraisals.

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Data sourced from NJMLS and GSMLS via Garden State AI.