$5,046 Closing Credit*
$424,900
1 Bed
•1 Full Bath, 1 Partial
Patricia Badia, Listing Office: Weichert Realtors, Clifton
Is Little Falls, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Little Falls was a Seller's Market.
Key Takeaway
Little Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Little Falls, NJ
How much do homes in Little Falls, NJ cost?
Median Sold Price
$517,250
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$250(0%)
Key Takeaway
The sold price of homes in Little Falls has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.2K | $351.5K | +17.5% |
| 2 Bedrooms | $454.3K | $512K | +12.7% |
| 3 Bedrooms | $549K | $508K | -7.5% |
| 4 Bedrooms | $600K | $681.5K | +13.6% |
| 5+ Bedrooms | $600K | $602K | 0.3% |
Summary: Little Falls housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Cedar Grove Township | $657.5K | $750K | +14.1% |
| Totowa | $542.5K | $580K | +6.9% |
| Woodland Park | $515K | $545K | +5.8% |
| Little Falls | $517.5K | $517.2K | 0% |
| Little Falls Township | $521K | $515K | -1.2% |
Housing Supply in Little Falls, NJ
How many homes are available in Little Falls, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 80 | 70 | -12.5% |
Summary: The Little Falls real estate market had 70 homes for sale in December 2024, a 12.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Little Falls housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 25.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Little Falls in December 2024, down by 41.2% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% 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
