Home Values

Ridgely 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

$179,900

  • -2.4% 1-year change
  • None 1-year forecast

The median home value in Ridgely is $179,900. Ridgely home values have declined -2.4% over the past year. The median list price per square foot in Ridgely is $108, which is higher than the Caroline County average of $97. The median price of homes currently listed in Ridgely is $166,000 while the median price of homes that sold is $342,777.

Foreclosures will be a factor impacting home values in the next several years. In Ridgely 16.2 homes are foreclosed (per 10,000). This is greater than the Caroline County value of 6.4 and also greater than the national value of 4.0

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 Ridgely is 9.6%, which is higher than the national value of 6.4%. 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 Ridgely homeowners underwater on their mortgage is 35.4%, which is higher than Caroline County at 30.3%.

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Relative ZHVI
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Ridgely Market Overview

Data through Jan 31, 2015
  • $179,900 ZHVI
  • No data 1-yr forecast
  • $166,000 Median listing price
  • No recent data Median sale price
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Ridgely Market Health

Data through Jan 31, 2015
  • 0.0/10 Less 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 35.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

16.2 homes Ridgely
6.4 homes Caroline County
4 homes United States
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Nearby Cities

Name Median ZHVI
Centreville $305,100
Cordova $247,700
Church Hill $238,000
Name Median ZHVI
Sudlersville $222,100
Henderson $198,200
Denton $185,300
Name Median ZHVI
Preston $177,400
Goldsboro $172,400
Greensboro $162,200

Listings & Sales

Data through Jan 31, 2015
  • $108 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
36.4%
Sold below listing
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Ridgely Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,457 Ridgely
    $1,439 Caroline County
    $1,350 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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