Why Live in Wood-Ridge
Wood-Ridge, NJ, located just 12 miles from Midtown Manhattan, is a borough that has successfully transformed a former industrial site into a vibrant transit village. The development of Wesmont Station has introduced 800 new townhouses, attracting professionals from tech and finance sectors, as well as those looking to downsize. This area, known as New Town, contrasts with Old Town, which retains a traditional suburban feel with well-maintained homes and businesses. The borough offers a mix of housing styles, including new townhouses and 20th-century single-family homes, such as Cape Cods, Tudors, and colonial-style residences. The Wood-Ridge Athletic Complex, part of the redevelopment, features a playground, dog park, and sports facilities. Additional green spaces like Veterans Memorial Park host community events, while the historic Wood-Ridge Memorial Library and the modern Senior Center provide cultural and social amenities. Dining options abound on Valley Boulevard and Hackensack Street, with a variety of cuisines available, including Italian at Justin’s Ristorante II and European-style pastries at Mills Bakery. The borough's public school system is rated above average, serving over 1,200 students. Commuting is facilitated by NJ Transit buses and trains, with the Bergen County line stopping at Wesmont Station. Wood-Ridge experiences low crime rates compared to the national average and enjoys a climate with distinct seasons, featuring 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 $660,641.
Are home prices dropping in Wood-Ridge?
Yes, home prices in Wood-Ridge are down 3% in the last 12 months.
How many homes have sold over the last 12 months in Wood-Ridge, NJ?
60 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 $699,000. If you put a 20% down payment of $139,800 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $3,630 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 27 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 $700,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$700,000
Median Single Family Sale Price
$677,500
Median Townhouse Sale Price
$820,000
Median 2 Bedroom Sale Price
$570,000
Median 1 Bedroom Sale Price
$377,000
Average Price Per Sq Ft
$428
Number of Homes for Sale
6
Last 12 months Home Sales
60
Median List Price
$699,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
1%