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 May 2023
Since last year, Little Falls Township has remained a Buyer's Market.
Housing Prices in Little Falls Township, NJ
How much do homes in Little Falls Township, NJ cost?
Median Sold Price
$516,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Little Falls Township was $516,000 in May 2024, up 9.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $312.5K | +40.1% |
2 Bedrooms | $422.4K | $449K | +6.3% |
3 Bedrooms | $527.5K | $550K | +4.3% |
4 Bedrooms | $555K | $657.5K | +18.5% |
5+ Bedrooms | $700K | $578.7K | -17.3% |
Summary: Little Falls Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
Little Falls Township | $470K | $516K | +9.8% |
Totowa | $520K | $567.5K | +9.1% |
Little Falls | $485K | $518.5K | +6.9% |
Cedar Grove | $645K | $680K | +5.4% |
Woodland Park | $502K | $520K | +3.6% |
Housing Supply in Little Falls Township, NJ
How many homes are available in Little Falls Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 39 | +5.4% |
Summary: The Little Falls Township real estate market had 39 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Little Falls Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Little Falls Township in May 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Little Falls Township, NJ
How long does it take to sell a home in Little Falls Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Little Falls Township; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.