Is Little Falls, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Little Falls has remained a Seller's Market.
Key Takeaway
Little Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 April 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 April 2024, up 8.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $312.5K | +38.9% |
| 2 Bedrooms | $449.4K | $491.2K | +9.3% |
| 3 Bedrooms | $498K | $522.5K | +4.9% |
| 4 Bedrooms | $516K | $650K | +26.0% |
| 5+ Bedrooms | $659.9K | $602K | -8.8% |
Summary: Little Falls housing prices by bedroom type for April 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 4.9%, 4 bedroom homes increased by 26%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $450K | $522K | +16.0% |
| Little Falls | $480K | $522K | +8.8% |
| Cedar Grove Township | $645K | $675K | +4.7% |
| Woodland Park | $510K | $517.5K | +1.5% |
| Totowa | $535K | $542.5K | +1.4% |
Housing Supply in Little Falls, NJ
How many homes are available in Little Falls, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 75 | +15.4% |
Summary: The Little Falls real estate market had 75 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Little Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Little Falls in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% 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
