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 April 2023
Since last year, Little Falls Township has remained a Seller's Market.
Key Takeaway
Little Falls Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Little Falls Township, NJ
How much do homes in Little Falls Township, NJ cost?
Median Sold Price
$522,000
-
Based on all homes sold in the last 12 months.
Difference Since April 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 | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $312.5K | +38.9% |
| 2 Bedrooms | $415K | $449K | +8.2% |
| 3 Bedrooms | $500K | $562.5K | +12.5% |
| 4 Bedrooms | $535K | $660K | +23.4% |
| 5+ Bedrooms | $700K | $578.7K | -17.3% |
Summary: Little Falls Township 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 8.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $450K | $522K | +16.0% |
| Little Falls | $480K | $522K | +8.8% |
| Cedar Grove | $640K | $675K | +5.5% |
| Woodland Park | $510K | $517.5K | +1.5% |
| Totowa | $535K | $542.5K | +1.4% |
Housing Supply in Little Falls Township, NJ
How many homes are available in Little Falls Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Little Falls Township real estate market had 45 homes for sale in April 2024, a 18.4% 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 | 12 | 13 | +8.3% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Little Falls Township 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 8.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 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. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Little Falls Township in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
