11385, Ridgewood, NY

Ridgewood, NY is located in the northern suburbs of New York City. The population of Ridgewood was 106,856 as of the 2010 census. Ridgewood is a diverse community with a large number of single-family homes and apartments. Home prices in Ridgewood have increased significantly over the past several years, reaching a median price of $1,089,000 in December 2017.

The primary drivers of home equity and home prices in Ridgewood are strong demand and limited supply. There are many families who want to live in Ridgewood and the surrounding communities, but there are not enough homes available for sale or rent. This has led to high home values and strong home equity growth rates in Ridgewood.

The average length of time that it takes for a property to sell in Ridgewood is 97 days. This is much shorter than the national average of 365 days. In addition, there are very few listings available for sale or rent on the market at any given time – only 2% of all properties listed on Zillow are currently for sale or rent in RidgewOOD. This tight housing market has led to very high demand for properties in Ridgewood and strong home equity growth rates over the past several years.

Home prices have increased significantly since 2013, when they reached a median price of $898,000 according to Zillow data:

In December 2017, the median price reached $1,089,000:

There has been significant growth both within and outside of RidgewOOD since 2013: