Glen Ridge Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$589,100

  • 7.8% 1-year change
  • 2.4% 1-year forecast

The median home value in Glen Ridge is $589,100. Glen Ridge home values have gone up 7.8% over the past year and Zillow predicts they will rise 2.4% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Glen Ridge 2.4 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.9 and also lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Glen Ridge is 14.1%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Glen Ridge homeowners underwater on their mortgage is 4.3%, which is lower than New York Metro at 12.4%.

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Relative ZHVI
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Glen Ridge Market Overview

Data through Jul 31, 2015
  • $589,100 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $645,124 Median sale price (Jun 30, 2015)
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Glen Ridge Market Health

Data through Jul 31, 2015
  • 8.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 4.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 14.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2(Dec 31, 2009) Glen Ridge
2 New York Metro
4 United States
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Nearby Cities

Name Median ZHVI
Montclair $530,100
Cedar Grove $421,000
Verona $392,100
Name Median ZHVI
Nutley $341,400
West Orange $326,800
Bloomfield $272,600
Name Median ZHVI
Belleville $242,000
Orange $177,700
East Orange $173,300

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $301 Median sale price / sq ft
  • No data Listings with price cut
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Glen Ridge Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $2,299 Glen Ridge
    $2,361 New York Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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