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for saleRealtyLens property overview
$1,250,000
2031 Palmetto St
Ridgewood, NY, 11385
View more Ridgewood, NY property pages11Beds
6Baths
5,600Sqft
$223$/sqft
Market Insights
Below nearby median-72%
$223/sqft vs a nearby median of $785/sqft.
Nearby median$785/sqft
Nearby properties12
Property size5,600 sqft
- -72% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 5,600 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$4.42M$3.98M – $4.85M · 42% confidence
vs ask $1.25M−$3.17M (−253.4%)
Asking price is about 253.4% below the fair value — likely to draw competing offers if it's still on market.
$785/sqft median across 5 tight comps × 5,600 sqft= $4.40M
- Transit access+$110k +2.5%
- Days-on-market gravity−$66k −1.5%
- Visible condition issues−$22k −0.5%
Cumulative NYC adjustments+$22k+0.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 104 days
- Last price change
- No change recorded
- Listed
- Jan 28, 2026
- Photos
- 2 photos
- Property type
- single family
- Status
- for sale
Price History
May 4, 2026Initial record
$1,250,000for sale