07502 Home Values & Market Trends
There are 24 homes currently listed for 07502. 07502 real estate market trends show that home prices range from $179,000 to $729,900, and the median sales price in the 07502 zip code is $501,423.71. The total number of properties sold within the past twelve months is 72. In 07502, 34 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.
07502 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Paterson | $ 473,750 $ 282/sqft |
Housing Market Summary for 07502
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $525K | $511.4K | -2.59% |
| Median Sold Price | $486.7K | $511.4K | 5.07% |
| Homes For Sale | 5 | 22 | 340.00% |
| Homes Sold | 50 | 35 | -30.00% |
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 07502
Browse Homes in 07502
The median list price of a home in Paterson, is $501,423.71. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 41.38%. The total count of 07502 properties is 2,682.
- Pre-ForeclosurePre-foreclosure homes account for 1.19% of all residential properties in 07502 with Paterson containing 294 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07502; 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 07502 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 0.04% of properties in 07502. There is 1 cities within 07502; 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 07502. Auction homes and other auction properties account for 0.04% of all properties in 07502. There is 1 cities within 07502; 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.