Wood-Ridge NJ Housing Market 2026: Prices, Wesmont & Rates

Wood-Ridge's headline number looks strong. In Redfin's rolling three-month data for ZIP 07075, the median sale price for all residential property reached $800,000 in the window ending May 2026, up 13.6% from $704,500 a year earlier. Underneath, the market cooled. The median price per square foot rose only from $410 to $415 (about 1.2%), the share of homes selling above asking fell from 75% to 60%, and inventory reached 38 homes, the highest reading in the three years of data.

The borough is really two markets. Single-family houses, just over half of sales, have sold slightly below list price in every three-month window from November 2025 through May 2026. Townhouses, including those at the Wesmont Station redevelopment on the former Curtiss-Wright site, kept selling above asking (102.0% of list on average) and now command a higher price per square foot than the houses do ($444 vs. $407).

Mortgage rates add a third layer. The Freddie Mac 30-year average fell to 5.98% in late February 2026 and has since climbed to 7.03% as of September 24, 2026. On an $800,000 purchase with 20% down, that move adds about $442 a month in principal and interest.

The key numbers at a glance

All figures below are Redfin rolling three-month windows for ZIP 07075 (for example, "May 2026" covers March through May 2026). Homes sold is a three-month count.

Price per square foot has gone roughly sideways while the median rose, supply is at or near series highs, and the bidding margin of 2024 has largely gone.

Sales volume is small, which matters for every number here. Adding the four non-overlapping three-month windows gives 84 sales from June 2023 to May 2024, 101 from June 2024 to May 2025, and 92 from June 2025 to May 2026. With 20 to 30 sales per window, a few larger homes can move the median by tens of thousands of dollars. Redfin's city series for Wood-Ridge produces the same annual totals, so the ZIP and the borough measure the same market.

Two years of prices against mortgage rates

What the median says, and what it does not

The all-residential median ran from $595,000 (April 2024 window) to $800,000 (May 2026 window). Taken alone, that is a 34% rise in two years. Price per square foot tells a different story: $425 in April 2024, $432 in April 2025, $453 in April 2026, and $415 in May 2026. Depending on which windows you compare, the two-year change in price per square foot ranges from a 7% decline (May 2024 to May 2026: $448 to $415) to a 7% gain (April to April: $425 to $453).

The gap most likely reflects mix: only 13 homes sold in the May 2024 window, and a median that rises while price per square foot does not suggests larger homes made up more of recent sales. Price a specific house from per-square-foot comparables, not the headline median.

Did rate swings show up locally?

The rate path over the past two years, from Freddie Mac's weekly survey, ran: 6.08% in late September 2024 (a two-year low), 7.04% in mid-January 2025 (the peak), about 6.6% on average through 2025, 5.98% in late February 2026, and back to 7.03% this week.

Wood-Ridge's competition measures did not track those moves closely:

• Fall 2024, rates reaching 6.08% in late September: the window ending September 2024 showed 106.5% average sale-to-list and 81% of homes above asking.
• Winter 2025, rates near 7%: sale-to-list eased to 103.5% (January 2025 window) but 68% of homes still sold above list.
• Spring 2025, rates averaging about 6.6% for the year: sale-to-list recovered to 104.6% to 104.8%, with 75% to 79% above list.
• Winter 2026, rates falling toward 6%: this is when the market softened most. The December 2025 window averaged 99.9% of list, January 2026 98.8%, and February 2026 99.6%. Median days on market rose to 91 and then 96.
• Spring 2026: sale-to-list recovered only to 100.1% to 100.8%.

The lowest rates of the period arrived at the same time as the weakest local competition. That points to local supply and pricing as the bigger drivers. New listings in the October 2025 window (38) were the highest fall reading in the data, against 22 and 24 in the same windows of 2023 and 2024, inventory reached 36, and list prices in the September 2025 window had risen to a median of $795,000. Sellers had priced for the 2024 market, and buyers did not pay it.

Redfin's data stops at May 2026, when rates were near 6.5%. The current 7.03% has not yet reached local closings.

Two markets in one ZIP code

Single-family homes

Single-family houses made up 48 of the 92 sales in the year ending May 2026, down from 58. They are where the cooling is clearest.

Every single-family window from November 2025 through May 2026 averaged 98.2% to 99.8% of list. Bergen County single-family homes in May 2026 sold at 105.5% of list, with 65.7% above asking and 61 median days on market.

The single-family median sale price still rose 20% year over year ($687,500 to $825,000), but on only 9 sales in the latest window, and with price per square foot up about 1.4% ($401 to $407). That is mix, not a 20% repricing. Still, in the May 2026 window 61.5% of single-family homes went off the market within two weeks, up from 33.3% in April. Well-priced houses move; overpriced ones sit.

Townhouses

Townhouse sales rose from 25 (year ending May 2024) to 27 and then 32 (year ending May 2026). They are now about a third of the borough's transactions.

The townhouse median rose 7.6% year over year and price per square foot about 8.6% ($409 to $444). Townhouses have averaged above 100% of list in every window since March 2024, including through the winter 2025–26 soft patch. Their inventory has grown, though, from 11 homes in the May 2025 window to 18 in May 2026, and new townhouse listings reached 20 in the latest window, the most in the data.

A plausible reason, inferred rather than surveyed: newer construction and a walk to the train at a price similar to an older house.

Condos and small multi-family

Condo sales are thin, with 9 in the year ending May 2026. The median in the latest condo window (ending April 2026) was $362,500 on 2 sales, with price per square foot around $438. Two-to-four-family sales numbered 3 in the latest year, too few to describe a price trend. Investors should value each building on its own rent roll.

Supply and competition

Inventory is the biggest change of the past year. The all-residential count rose from 26 homes in the May 2025 window to 38 in May 2026. New listings rose from 41 to 43, while pending sales fell from 37 to 33.

Redfin's single-month city series put months of supply at 4.8 in May 2026, versus 2.2 in May 2025. It is noisy (1.9 to 10.7 months in early 2026), but Bergen County reported 5.0 months, so Wood-Ridge is now near the county level.

Median days on market rose from 57.5 to 66.5 year over year, after peaking at 96 in the February and March 2026 windows. Bergen County's May 2026 figures were 104.2% average sale-to-list, 61.4% sold above list, and 63 median days on market. Wood-Ridge has moved from being more competitive than the county in 2024 to being less competitive, on these measures, in 2026.

How Wood-Ridge compares with nearby towns

Same Redfin ZIP-level three-month data (window ending May 2026), plus Bergen County's single-month figure.

• Hackensack had 302 sales in the year ending May 2026, 199 of them condos, which explains its low overall median. Its single-family houses sell above list at a lower price per square foot.
• Ridgefield's single-family market had a deeper soft patch, 94.6% to 97.4% of list from December 2025 to March 2026, before recovering to 100.6%.
• Wood-Ridge stands out for townhouses: 32 sales against 5 and 2.

All three sit well below the county single-family median of $946,000.

Property tax and cost of ownership

The 2024 general tax rate for Wood-Ridge was 2.868 per $100 of assessed value, and the effective tax rate (which adjusts for how assessments compare with market value) was 2.077%, according to the New Jersey Division of Taxation's 2024 general tax rate table and the Bergen County Board of Taxation's 2024 rate list. The 2025 rate was not available to this analysis, so the estimates below use 2024.

Applying the 2.077% effective rate to market value gives a rough annual tax estimate:

Actual bills depend on assessed value, which stays fixed until a revaluation. The two 2024 rates imply assessments averaged about 72% of market value (2.077 divided by 2.868), which generally means values have risen since the last revaluation. A reset redistributes the levy, raising bills most where assessments lagged. Check the property's own assessment and last bill.

Other costs to budget for:

• Homeowners association fees on Wesmont Station townhouses and condos. Ask for the fee, reserve balance and any special assessments.
• Homeowners insurance and, where required, flood insurance.
• Tax relief programs such as New Jersey's ANCHOR benefit, with income-based eligibility.

Monthly payments and the income they require

The table uses the $800,000 all-residential median with 20% down ($160,000), a $640,000 30-year fixed loan, and the Freddie Mac rates listed. Tax is the $1,385 monthly estimate above. Insurance and HOA dues are not included, so real costs will be higher.

Income needed divides annual principal, interest and tax by 0.28, a common front-end guideline.

The move from 5.98% in February to 7.03% now adds $442 a month on this loan. Put another way, the $3,829 monthly payment that bought an $800,000 home at 5.98% supports a loan of about $573,800 at 7.03%, which with 20% down is a price of about $717,000. That is a loss of roughly 10% in purchasing power in seven months.

Judy Zhou's Wood-Ridge area guide lists a Census ACS median household income of $136,108; that figure was not re-checked against the Census for this article. Taken at face value, a median-priced home at today's rates needs well above the median income, even with 20% down.

Transit: two stations on two lines

Wood-Ridge is served by two New Jersey Transit rail stations on different lines. The original Wood-Ridge station is on the Pascack Valley Line, which runs between Hoboken Terminal and Spring Valley, New York. Wesmont station) is on the Bergen County Line, at Highland Avenue and Johnson Drive near the Wallington border, between the Garfield and Rutherford stops. Wesmont opened on May 15, 2016, as part of the Wesmont Station development; until then the Pascack Valley Line station was the borough's only one.

Both lines run to Hoboken Terminal, with Midtown riders typically transferring at Secaucus Junction. Travel times and frequencies could not be confirmed here, so check NJ Transit timetables for both lines. Only Wesmont is on the Bergen County Line.

For housing, Wesmont townhouses sit by the Bergen County Line stop, while older sections may be closer to the Pascack Valley stop. Check which line suits your commute before you bid.

Wesmont Station and future supply

Wesmont Station redevelops the former Curtiss-Wright aircraft plant site, a roughly $400 million project according to Wikipedia's entry on the station. NJ Transit announced a new Bergen County Line stop to serve it. The Redfin data shows its effect: townhouse sales have grown from 25 to 32 a year while single-family sales have not grown, and townhouse inventory in the May 2026 window (18) was the highest in the data.

This analysis could not verify how many homes remain planned, the schedule, or the retail mix. Resale townhouse buyers should ask the borough's planning office what remains to be built, since new units compete with resales.

New Jersey's Fourth Round of affordable housing obligations, covering 2025 to 2035, also applies to Wood-Ridge. The borough's Fourth Round housing element and fair share plan is the place to check for any sites zoned for new multi-family housing.

Schools

The borough runs its own public school district, the Wood-Ridge School District, with Wood-Ridge Junior/Senior High School for the upper grades. Current ratings and test results could not be re-verified for this article. The New Jersey School Performance Reports publish proficiency, graduation and enrollment by school and year; compare the same year across Wood-Ridge, Hackensack and Ridgefield.

Risks and what to check

• Aircraft noise. Teterboro Airport is nearby. Flight paths and noise vary by street. Visit at different times of day.
• Flood risk. Low-lying areas of the Meadowlands region can flood. Check the parcel on FEMA's flood map and ask about past claims.
• Assessment risk. As noted above, assessments averaged about 72% of market value in 2024. A revaluation would change individual bills.
• Data noise. With about 10 sales per window for each property type, medians jump: the townhouse median went from $555,000 to $805,000 between the October and November 2024 windows.

Strategy for buyers

1. Negotiate on single-family houses. Seven straight windows of below-list averages, 81 median days on market, and 33% sold above list mean that most sellers are not getting over-asking offers. A house listed for more than two months is a candidate for a below-list offer.
2. Still move quickly on well-priced homes. In the May 2026 window, 61.5% of single-family homes went off the market within two weeks.
3. Expect less room on townhouses. They averaged 102.0% of list in the latest window, and 81.8% sold above asking. Rising inventory (18 homes) gives more room to compare.
4. Run your numbers at 7%. At today's rate, an $800,000 purchase with 20% down costs about $5,656 a month before insurance and HOA dues.

Strategy for sellers

1. Price to the last 90 days, not to 2024. The 2024 over-asking results (106.9% average sale-to-list in the July 2024 window) are not the current market for single-family houses.
2. The first two weeks decide most outcomes. About half of all homes (51.5%) still go off the market within two weeks. Miss that, and early-2026 median days on market ran 91 to 96.
3. Townhouse sellers have the stronger position but more competition. Townhouses are selling above list, but 20 new townhouse listings in the latest window means buyers can compare.
4. Expect rate-sensitive buyers. With the 30-year rate above 7% for the first time since January 2025, buyers' budgets are roughly 10% tighter than in February.

Outlook for the next 6 to 12 months

This is a reasoned view, not a price forecast. The base case is a flat to slightly softer single-family market through the fall and winter of 2026. Three things support that view: inventory entered the summer at a three-year high, single-family sale-to-list was already below 100%, and mortgage rates have risen about a full point since February, with that increase not yet showing up in closed sales. The winter 2025–26 pattern (sale-to-list near 99%, 90-plus days on market) could repeat.

Townhouses look steadier. They held above list through the last soft patch and have sold more units each year (25, 27, then 32). The risk is supply: if new townhouse listings keep rising while rates stay near 7%, their price edge could narrow.

What would change this view:

• Rates falling back toward 6%. That would restore about 10% of purchasing power. But the last drop to 5.98% coincided with the weakest local competition.
• Inventory falling. If the fall 2026 windows show inventory back in the low 20s, as in 2024, competition would likely return.
• New supply at Wesmont. Additional townhouse or apartment deliveries would weigh on resale townhouse prices.
• Tax changes. A revaluation or a jump in the 2026 levy would affect carrying costs.

Watch single-family sale-to-list, inventory and the two-week share in Redfin's June to September 2026 windows.

Frequently asked questions

What is the median home price in Wood-Ridge, NJ in 2026?

In Redfin's three-month window ending May 2026, the all-residential median for ZIP 07075 was $800,000, single-family $825,000, and townhouse $775,000. Price per square foot was $415 overall, only about 1% higher than a year earlier, so most of the median's 13.6% gain reflects which homes sold.

Are homes in Wood-Ridge selling over asking?

Townhouses are, at an average of 102.0% of list in the latest window. Single-family houses are not: they have averaged 98.2% to 99.8% of list in every window from November 2025 through May 2026, while Bergen County single-family homes averaged 105.5% in May 2026.

Sources

• Redfin Data Center: ZIP 07075, 07601 and 07657 rolling three-month data; Wood-Ridge city and Bergen County monthly data, through May 2026
• Freddie Mac Primary Mortgage Market Survey: weekly 30-year fixed rates
• New Jersey Division of Taxation, 2024 General Tax Rates
• Bergen County Board of Taxation, 2024 Tax Rates
• Wesmont station (NJ Transit), Wikipedia)
• Wood-Ridge station, Wikipedia
• NJ Transit: Wood-Ridge to gain new train station on Bergen County Line
• New Jersey School Performance Reports
• Judy Zhou, Wood-Ridge area guide