$9,726 Closing Credit*
$819,000
4 Beds
•3 Full Baths
Marianne Von Cappeln, Listing Office: Realty One Group Sunrise
Is Totowa, 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, Totowa has remained a Seller's Market.
Key Takeaway
Totowa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Totowa, NJ
How much do homes in Totowa, NJ cost?
Median Sold Price
$577,450
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,851(+8.8%)
Key Takeaway
Homes in Totowa have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Totowa was $577,450 in October 2024, up 8.8% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $275K | -21.4% |
| 2 Bedrooms | $392.5K | $450K | +14.6% |
| 3 Bedrooms | $500K | $572.5K | +14.5% |
| 4 Bedrooms | $680K | $720K | +5.9% |
| 5+ Bedrooms | $952.5K | $715K | -24.9% |
Summary: Totowa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Haledon | $410K | $465K | +13.4% |
| 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 Totowa, NJ
How many homes are available in Totowa, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Totowa real estate market had 44 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Totowa 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 decreased by 20%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Totowa, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Totowa in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Totowa, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.