Paterson, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 817 transactions over the past year in Paterson. The median value for residential home transactions that occurred over the previous year is $533,022.23. The number of current listings in Paterson is 214, and the percentage of properties for sale in the city is 41.31%. Paterson, NJ currently has 304 properties in foreclosure, 2 bank owned properties, 8 properties headed for auction, and 214 properties for sale.
Paterson, NJ Real Estate Market Overview
Housing Market Summary for Paterson, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $489K | $525.5K | 7.46% |
| Median Sold Price | $514.6K | $525.5K | 2.12% |
| Homes For Sale | 33 | 207 | 527.27% |
| Homes Sold | 497 | 428 | -13.88% |
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 Paterson, NJ
Browse Homes in Paterson, NJ
Paterson home values range from $222,400 to $1,115,000. The median estimated value of a home in Paterson is $533,022.23. The median list price of a home is 496,944, and the total count of properties in the city is 18,277.
- Pre-ForeclosurePre-foreclosure homes account for 1.61% of all residential properties in Paterson, NJ with 07501 containing 73 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 9 zips within Paterson, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,115,000 in 07522 to the lowest home value of $224,500 in 07522.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Paterson, NJ ranges from the highest value of $495,800 in 07502 to the lowest value of $356,000 in 07501. Bank owned homes and properties account for 0.01% of properties in Paterson, NJ. There are 9 zips within Paterson, NJ; 07501 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07522 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Paterson, NJ. Auction homes and other auction properties account for 0.04% of all properties in Paterson, NJ. There are 9 zips within Paterson, NJ; of those zips, the median estimated home value for homes going to auction ranges from $765,300 in 07503 to the lowest value of $394,100 in 07503.