Passaic, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 838 transactions over the past year in Passaic. The median value for residential home transactions that occurred over the previous year is $492,835.46. The number of current listings in Passaic is 94, and the percentage of properties for sale in the city is 58.39%. Passaic, NJ currently has 67 properties in foreclosure, 1 bank owned properties, 7 properties headed for auction, and 94 properties for sale.
Passaic, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07055 | $ 499,000 $ 335/sqft |
Housing Market Summary for Passaic, NJ
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $449K | $489.6K | 9.05% |
| Median Sold Price | $617.1K | $489.6K | -20.66% |
| Homes For Sale | 31 | 92 | 196.77% |
| Homes Sold | 132 | 97 | -26.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Passaic, NJ
Browse Homes in Passaic, NJ
Passaic home values range from $111,589 to $2,792,999. The median estimated value of a home in Passaic is $492,835.46. The median list price of a home is 550,000, and the total count of properties in the city is 6,233.
- Pre-ForeclosurePre-foreclosure homes account for 0.95% of all residential properties in Passaic, NJ with 07055 containing 59 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Passaic, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $617,070 in 07055 to the lowest home value of $216,091 in 07055.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Passaic, NJ ranges from the highest value of $0 in 07055 to the lowest value of $0 in 07055. Bank owned homes and properties account for 0.02% of properties in Passaic, NJ. There is 1 zips within Passaic, NJ; 07055 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07055 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Passaic, NJ. Auction homes and other auction properties account for 0.11% of all properties in Passaic, NJ. There is 1 zips within Passaic, NJ; of that zips, the median estimated home value for homes going to auction ranges from $740,000 in 07055 to the lowest value of $264,900 in 07055.