Is Ridgeway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ridgeway has remained a Seller's Market.
Key Takeaway
Ridgeway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgeway, NY
How much do homes in Ridgeway, NY cost?
Median Sold Price
$140,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ridgeway have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Ridgeway was $140,000 in April 2024, up 1.1% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $120K | +275.0% |
| 2 Bedrooms | $122.5K | $121K | -1.2% |
| 3 Bedrooms | $135K | $140K | +3.7% |
| 4 Bedrooms | $150K | $198K | +32.0% |
| 5+ Bedrooms | $153K | $129.5K | -15.4% |
Summary: Ridgeway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 275%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 32%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Ridgeway | $138.5K | $140K | +1.1% |
| Medina | $143.5K | $141K | -1.7% |
Housing Supply in Ridgeway, NY
How many homes are available in Ridgeway, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Ridgeway real estate market had 10 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ridgeway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgeway, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ridgeway in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Ridgeway, NY
How long does it take to sell a home in Ridgeway, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 39 Days | +353.8% |
Summary: Homes in Ridgeway had an average of 39 days on market in Apr 2024, up by 353.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ridgeway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Ridgeway; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
