Is Totowa, 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, Totowa was a Seller's Market.
Key Takeaway
Totowa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Totowa, NJ
How much do homes in Totowa, NJ cost?
Median Sold Price
$547,500
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Totowa have sold for 2.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $350K | +137.3% |
| 2 Bedrooms | $390K | $450K | +15.4% |
| 3 Bedrooms | $525K | $501K | -4.6% |
| 4 Bedrooms | $615K | $750K | +22.0% |
| 5+ Bedrooms | $977.4K | $885K | -9.5% |
Summary: Totowa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $449.1K | $521K | +16.0% |
| Haledon | $385K | $420K | +9.1% |
| Little Falls | $480K | $522K | +8.8% |
| Totowa | $534.9K | $547.5K | +2.4% |
| Woodland Park | $510K | $517.5K | +1.5% |
Housing Supply in Totowa, NJ
How many homes are available in Totowa, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Summary: The Totowa real estate market had 31 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 16 | +100.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Totowa 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Totowa, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Totowa in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Totowa, NJ
We’re sorry, we don't have information for this market at the moment
