Ridgely is an average-sized city in Maryland with a population of 1,639 residents. Also, it has an average density with 920.8 people per square mile. It should be noted that at 60.7%, most people own their homes in Ridgely. Topping the list of best schools in the city is Ridgely Elementary School.
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$172K  
In this week's report, the number of homes sold in the Ridgely market fell to three over the past 30 days, a decrease of 25.0% from last week's report, but still above the monthly average. In comparison, nearby Easton had 32 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $163,000, down from last week's $201,500. Along with the slip in sales, a relatively high seven months of inventory indicates that Ridgely is a strong buyer's market.
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$109K  
The number of homes coming into the Ridgely market fell to five listings over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. The median sales price in Ridgely stayed put this week at $201,500.
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$119K  
Despite a 100.0% jump in sales numbers this week to reach two homes sold over the last 30 days, the Ridgely market still shows a recent trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $207,000, down from last week's $251,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that Ridgely is still a definite buyer's market.
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$165K  
This week in the Ridgely market, sales rose to one home sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with four being reported in the same time frame. Ridgely is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 14 months of remaining inventory.
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Ridgely has a cost of living adjustment score of 107.8, which is average when compared to others in Maryland. Also, the area is considered less affluent than average with a median income of $48,464 per household. Ridgely is made up of homes that are relatively old with a median of 30 years. Heading the list of top schools in the city is Ridgely Elementary School.
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$165K  
Typically, Ridgely accounts for 2.2 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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$124K  
Over the last 30 days, no deals were completed in the Ridgely market. Ridgely is used to having 2.2 sales per month.
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$199K  
With two homes sold in the Ridgely market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with two new listings for buyers to choose from. The median sales price of all transactions in Ridgely did not budge this week, remaining at $92,500.
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$165K  
Home sales in the Ridgely market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 33.3% to two homes sold over the last 30 days. In comparison, nearby Easton had 17 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $92,500, down from last week's $118,000.
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