Is Totowa, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$542,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Totowa have sold for 1.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $350K | +438.5% |
| 2 Bedrooms | $390K | $450K | +15.4% |
| 3 Bedrooms | $525K | $500.5K | -4.7% |
| 4 Bedrooms | $615K | $725K | +17.9% |
| 5+ Bedrooms | $999.9K | $800K | -20.0% |
Summary: Totowa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 438.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $450K | $522K | +16.0% |
| Haledon | $380K | $422K | +11.1% |
| Little Falls | $480K | $522K | +8.8% |
| Woodland Park | $510K | $517.5K | +1.5% |
| Totowa | $535K | $542.5K | +1.4% |
Housing Supply in Totowa, NJ
How many homes are available in Totowa, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 38 | +46.2% |
Summary: The Totowa real estate market had 38 homes for sale in April 2024, a 46.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 25 | +92.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Totowa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 92.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Totowa, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Totowa in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Totowa, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.