Paterson, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 26 transactions over the past year in Paterson. The median value for residential home transactions that occurred over the previous year is $412,075.67. The number of current listings in Paterson is 13, and the percentage of properties for sale in the city is 61.90%. Paterson, NJ currently has 8 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 13 properties for sale.
Paterson, NJ Real Estate Market Overview
Housing Market Summary for Paterson, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $489.4K | $467K | -4.58% |
| Median Sold Price | $523.6K | $467K | -10.81% |
| Homes For Sale | 26 | 28 | 7.69% |
| Homes Sold | 441 | 6 | -98.64% |
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 $166,965 to $873,963. The median estimated value of a home in Paterson is $412,075.67. The median list price of a home is 499,000, and the total count of properties in the city is 540.
- Pre-ForeclosurePre-foreclosure homes account for 1.30% of all residential properties in Paterson, NJ with 07505 containing 2 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 $569,624 in 07514 to the lowest home value of $302,950 in 07505.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Paterson, NJ ranges from the highest value of $336,424 in 07501 to the lowest value of $336,424 in 07501. Bank owned homes and properties account for 0.19% 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.
- AuctionsN/A has 0 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% 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 $0 in N/A to the lowest value of $0 in N/A.