$3,551 Closing Credit*
$299,000
4 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
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 October 2023
Since last year, Little Falls Township has remained a Seller's 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
$503,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-0.4%)
Key Takeaway
The sold price of homes in Little Falls Township has remained the same since last year.
Summary: The median home sold price in Little Falls Township was $503,000 in October 2024, down 0.4% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $358K | +24.3% |
| 2 Bedrooms | $437K | $460K | +5.3% |
| 3 Bedrooms | $550K | $501K | -8.9% |
| 4 Bedrooms | $620K | $710K | +14.5% |
| 5+ Bedrooms | $600K | $630K | +5.0% |
Summary: Little Falls Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Cedar Grove | $662.6K | $727.2K | +9.7% |
| Totowa | $530.5K | $577.4K | +8.8% |
| Woodland Park | $515K | $545K | +5.8% |
| Little Falls | $515K | $515K | 0.0% |
| Little Falls Township | $505K | $503K | -0.4% |
Housing Supply in Little Falls Township, NJ
How many homes are available in Little Falls Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The Little Falls Township real estate market had 55 homes for sale in October 2024, a 7.8% 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Little Falls Township 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 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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 October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 8% were sold under asking, 8% 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
