$5,926 Closing Credit*
$499,000
4 Beds
•2 Full Baths
John Natale, Listing Office: Real
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 November 2023
At the same time last year, Little Falls Township was a Neutral 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
$509,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+0.8%)
Key Takeaway
Homes in Little Falls Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Little Falls Township was $509,000 in November 2024, up 0.8% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286K | $347K | +21.3% |
| 2 Bedrooms | $437K | $477.5K | +9.3% |
| 3 Bedrooms | $550K | $500K | -9.1% |
| 4 Bedrooms | $655K | $710K | +8.4% |
| 5+ Bedrooms | $560K | $615K | +9.8% |
Summary: Little Falls Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Cedar Grove | $659.7K | $750K | +13.7% |
| Totowa | $530.5K | $577.4K | +8.8% |
| Woodland Park | $518.5K | $545K | +5.1% |
| Little Falls Township | $505K | $509K | +0.8% |
| Little Falls | $515K | $515K | 0.0% |
Housing Supply in Little Falls Township, NJ
How many homes are available in Little Falls Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The Little Falls Township real estate market had 54 homes for sale in November 2024, a 14.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 11 | 18 | +63.6% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Little Falls Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 63.6%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 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. 84.6% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Little Falls Township in November 2024, the same as the previous month. Of the 13 sold homes, 15% were sold under asking, 0% were sold at asking, and 85% 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
