Glen Ridge Minute — 143% of List in 14 Days, Only 3 Homes Active

In May 2026, Glen Ridge NJ has just 3 homes active, 16 under contract, and 16 recent sales that closed at an average 127% of list price with a median of 15 days on market. Borough inventory is near historic lows, and well-priced homes are routinely closing well over ask.
Part of the Nancy Chu Homes Town Minutes series — weekly market updates for Essex County NJ buyers and sellers.
Glen Ridge is running on almost no inventory: three homes active in the entire borough against sixteen under contract and sixteen freshly closed. That scarcity is doing exactly what scarcity does — pushing well-priced homes over ask, fast.
Look at what working pricing produced this week. 32 Edgewood Road listed at $599,000 and closed at $859,185 — 143% of list in 14 days. 15 Lincoln Street listed at $2,150,000 and closed at a flat $3,000,000 — 140% of list in 7 days.
The lesson holds at every price point: don't be afraid to price low. A low list price removes the ceiling, lets the buyer pool set the real number, and hands you backup offers and leverage. Price at the top of what you think it's worth and you're just inviting a lowball.
Don't get gaslit by the gaslamps.
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Видео Glen Ridge Minute — 143% of List in 14 Days, Only 3 Homes Active канала Nancy Chu Homes