Is Totowa, NJ 07512 a buyer’s or seller’s market?

The Totowa housing market right now

In the three months ending August 31, 2026, 63% of homes in Totowa, NJ 07512 sold above their list price, the typical home went under contract in 35 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 77%, homes sold faster (51 days then) and the median sale price rose 11% to $652,218. Overall, Totowa is less competitive than a year ago, which gives buyers more room.

Within Passaic County, homes here sell faster than in 65% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Totowa ranks #267 of 444 NJ ZIP codes with enough sales (score 73 out of 100).

Nearby, buyers who want less competition could look at Paterson 07505 (0% sold over asking) or Wanaque 07465 (39% sold over asking), while Paterson 07504 (88% sold over asking) and Hawthorne 07506 (83% sold over asking) are even more competitive.