$7,718 Closing Credit*
$649,900
2 Beds
•2 Full Baths
Arlene Freeman, Listing Office: Coldwell Banker, 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 October 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
$515,000
$252/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Little Falls has remained the same since last year.
Summary: The median home sold price in Little Falls was $515,000 in October 2024, the same as last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286K | $352.5K | +23.3% |
| 2 Bedrooms | $459.6K | $509K | +10.7% |
| 3 Bedrooms | $529K | $501K | -5.3% |
| 4 Bedrooms | $599K | $705K | +17.7% |
| 5+ Bedrooms | $650K | $616K | -5.2% |
Summary: Little Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Totowa | $530.5K | $577.4K | +8.8% |
| Cedar Grove Township | $667K | $720K | +7.9% |
| Woodland Park | $515K | $545K | +5.8% |
| Little Falls | $515K | $515K | 0.0% |
| Little Falls Township | $505K | $503K | -0.4% |
Housing Supply in Little Falls, NJ
How many homes are available in Little Falls, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 88 | +11.4% |
Summary: The Little Falls real estate market had 88 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Little Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Little Falls in October 2024, up by 20.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% 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
