Is Little Falls Township, 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 Township was a Seller's Market.
Key Takeaway
Little Falls Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Falls Township, NJ
How much do homes in Little Falls Township, NJ cost?
Median Sold Price
$521,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Little Falls Township have sold for 16% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $312.5K | +38.9% |
| 2 Bedrooms | $415K | $449.5K | +8.3% |
| 3 Bedrooms | $495K | $556K | +12.3% |
| 4 Bedrooms | $555K | $660K | +18.9% |
| 5+ Bedrooms | $800K | $580K | -27.5% |
Summary: Little Falls Township 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 8.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $449.1K | $521K | +16.0% |
| Little Falls | $480K | $522K | +8.8% |
| Cedar Grove | $640K | $675K | +5.5% |
| Totowa | $534.9K | $547.5K | +2.4% |
| Woodland Park | $510K | $517.5K | +1.5% |
Housing Supply in Little Falls Township, NJ
How many homes are available in Little Falls Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Little Falls Township real estate market had 42 homes for sale in March 2024, a 5.0% 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Little Falls Township 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 50%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Little Falls Township in March 2024, down by 66.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Little Falls Township, NJ
We’re sorry, we don't have information for this market at the moment
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