Is Little Falls, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Little Falls was a Seller's Market.
Key Takeaway
Little Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Falls, NJ
How much do homes in Little Falls, NJ cost?
Median Sold Price
$522,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Little Falls have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Little Falls was $522,000 in March 2024, up 8.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $312.5K | +38.9% |
| 2 Bedrooms | $449.4K | $491.2K | +9.3% |
| 3 Bedrooms | $493K | $522.5K | +6.0% |
| 4 Bedrooms | $517K | $645K | +24.8% |
| 5+ Bedrooms | $660K | $600K | -9.1% |
Summary: Little Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $449.1K | $521K | +16.0% |
| Little Falls | $480K | $522K | +8.8% |
| Cedar Grove Township | $640K | $675K | +5.5% |
| Totowa | $534.9K | $547.5K | +2.4% |
| Woodland Park | $510K | $517.5K | +1.5% |
Housing Supply in Little Falls, NJ
How many homes are available in Little Falls, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 73 | +23.7% |
Summary: The Little Falls real estate market had 73 homes for sale in March 2024, a 23.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 25 | +66.7% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Little Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Little Falls in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Little Falls, NJ
We’re sorry, we don't have information for this market at the moment
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