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Nodemon.io
Monitor for any changes in your node.js application and automatically restart the server - perfect for development
Using Chokidar to watch for the file changes - https://github.com/remy/nodemon/blob/main/lib/monitor/watch.js
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SaaSHub
SaaSHub - Software Alternatives and Reviews. SaaSHub helps you find the best software and product alternatives
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As another has mentioned, nodemon uses chokidar under the hood for the actual file watching part.
NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.