Is Totowa, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Totowa was a Seller's Market.
Housing Prices in Totowa, NJ
How much do homes in Totowa, NJ cost?
Median Sold Price
$567,500
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $350K | +438.5% |
2 Bedrooms | $395K | $450K | +13.9% |
3 Bedrooms | $516K | $510K | -1.2% |
4 Bedrooms | $570K | $750K | +31.6% |
5+ Bedrooms | $999.9K | $800K | -20.0% |
Summary: Totowa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 438.5%, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
Little Falls Township | $470K | $516K | +9.8% |
Totowa | $520K | $567.5K | +9.1% |
Little Falls | $485K | $518.5K | +6.9% |
Haledon | $400K | $422K | +5.5% |
Woodland Park | $502K | $520K | +3.6% |
Housing Supply in Totowa, NJ
How many homes are available in Totowa, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Totowa real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Totowa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Totowa in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Totowa, NJ
We’re sorry, we don't have information for this market at the moment