Home Values

Ringwood 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

$302,000

  • 0.3% 1-year change
  • -0.1% 1-year forecast

The median home value in Ringwood is $302,000. Ringwood home values have gone up 0.3% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Ringwood is $162, which is lower than the New York Metro average of $251. The median price of homes currently listed in Ringwood is $329,900 while the median price of homes that sold is $298,350. The median rent price in Ringwood is $1,700, which is lower than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Ringwood 2.2 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower than the national value of 4.2

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 Ringwood is 11.3%, 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 Ringwood homeowners underwater on their mortgage is 16.8%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Ringwood Market Overview

Data through Nov 30, 2014
  • $302,000 ZHVI
  • -0.1% 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
    (Nov 30, 2015)
  • $329,900 Median listing price
  • $298,350 Median sale price
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Ringwood Market Health

Data through Nov 30, 2014
  • 2.4/10 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.
  • No data Average days on Zillow
  • 16.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Ringwood
1.5 homes New York Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Franklin Lakes $942,200
Oakland $431,200
Mahwah $426,600
Name Median ZHVI
Wanaque $298,500
Sloatsburg $277,400
Pompton Lakes $274,100
Name Median ZHVI
Bloomingdale $264,200
West Milford $244,800
Greenwood Lake $201,500

Listings & Sales

Data through Nov 30, 2014
  • $162 Median list price / sq ft
  • $151 Median sale price / sq ft
  • No data Listings with price cut
13.7%
Sold below listing
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Ringwood Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,935 Ringwood
    $2,329 New York Metro
    $1,342 United States

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

  • 3.3 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 recent data Rent list price
  • No data Rent list price / sq ft
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