Why Live in Wood-Ridge
Wood-Ridge, located 12 miles west of Midtown Manhattan, is a borough that has transformed with the development of Wesmont Station. This new transit village, built on a former industrial site, features 800 new townhouses, attracting high-income buyers from the tech and financial sectors. The area is divided into New Town, with modern housing and amenities, and Old Town, which maintains a traditional suburban feel with well-maintained homes and businesses. The borough offers a mix of early- and mid-20th-century single-family homes, including Cape Cods, Tudors, bi-levels, and colonial-style houses, some with views of the Manhattan skyline. The Wood-Ridge Athletic Complex, built as part of the Wesmont Station redevelopment, includes a playground, dog park, recreation center, and sports facilities. Other green spaces like Veterans Memorial Park host annual events such as the 9/11 Memorial Service and Christmas tree lighting. The Wood-Ridge Memorial Library, housed in the historic Brinkerhoffs House, contrasts with the modern Wood-Ridge Senior Center, which offers exercise classes and social activities. Dining options are plentiful, with eateries on Valley Boulevard and Hackensack Street offering a variety of cuisines, including Italian, Mediterranean, and Mexican. The borough's public school system is above average, serving over 1,200 students across three schools. Commuting is convenient with NJ Transit buses and trains, including stops at Wesmont Station and the original Wood-Ridge Station. Crime rates in Wood-Ridge are lower than the national average, and residents experience four distinct seasons, with warm summers and snowy winters.
Frequently Asked Questions
What is the average home price in Wood-Ridge, NJ?
Homes for sale in Wood-Ridge, NJ have an average home price of $688,341.
Are home prices dropping in Wood-Ridge?
Yes, home prices in Wood-Ridge are down 1% in the last 12 months.
How many homes have sold over the last 12 months in Wood-Ridge, NJ?
65 homes have sold in Wood-Ridge, NJ over the last 12 months.
What are the most popular zip codes in Wood-Ridge, NJ?
How much do you need to make to afford a house in Wood-Ridge?
The median home price in Wood-Ridge is $699,500. If you put a 20% down payment of $139,900 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $156K a year to afford the median home price in Wood-Ridge.
How are the schools in Wood-Ridge, NJ?
Home Trends in Wood-Ridge, NJ
On average, homes in Wood-Ridge, NJ sell after 33 days on the market compared to the national average of 50 days. The median sale price for homes in Wood-Ridge, NJ over the last 12 months is $650,000, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$650,000
Median Single Family Sale Price
$650,000
Median Townhouse Sale Price
$820,000
Median 2 Bedroom Sale Price
$542,500
Median 1 Bedroom Sale Price
$377,000
Average Price Per Sq Ft
$608
Number of Homes for Sale
8
Last 12 months Home Sales
65
Median List Price
$699,500
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
-4%
