07501 Home Values & Market Trends
There are 54 homes currently listed for 07501. 07501 real estate market trends show that home prices range from $135,000 to $919,000, and the median sales price in the 07501 zip code is $490,853.77. The total number of properties sold within the past twelve months is 224. In 07501, 75 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.
07501 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Paterson | $ 473,750 $ 282/sqft |
Housing Market Summary for 07501
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $469.9K | $503.3K | 7.11% |
| Median Sold Price | $498.8K | $503.3K | 0.90% |
| Homes For Sale | 7 | 53 | 657.14% |
| Homes Sold | 122 | 110 | -9.84% |
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 07501
Browse Homes in 07501
The median list price of a home in Paterson, is $490,853.77. A total of 54 properties are for sale, and the percentage of properties for sale in the zip code is 41.86%. The total count of 07501 properties is 3,513.
- Pre-ForeclosurePre-foreclosure homes account for 2.08% of all residential properties in 07501 with Paterson containing 294 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07501; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,115,000 in Paterson to the lowest home value of $224,500 in Paterson.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07501 ranges from the highest value of $495,800 in Paterson to the lowest value of $356,000 in Paterson. Bank owned homes and properties account for 0.03% of properties in 07501. There is 1 cities within 07501; Paterson containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsPaterson has 8 auction properties, the highest number of properties going to auction in a single city in the state of 07501. Auction homes and other auction properties account for 0.03% of all properties in 07501. There is 1 cities within 07501; of that cities, the median estimated home value for homes going to auction ranges from $765,300 in Paterson to the lowest value of $394,100 in Paterson.