$10,000 Closing Credit*
$2,199,999
6 Beds
•5 Full Baths, 1 Partial
Fonda J. Kosmala, Listing Office: Christie's International Real Estate Group-Paramus
Housing Prices in Paramus, NJ
How much do homes in Paramus, NJ cost?
Median List Price
$899,000
$383/sqft
Based on all homes listed in the last 12 months.
Difference Since August 2023
+$74,050(+9.0%)
Key Takeaway
The list price of homes in Paramus has increased by 9% since last year.
Summary: The median home list price in Paramus was $899,000 in August 2024, up 9% from the previous year, and the median price per square foot was $383.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485K | $1.0M | +111.3% |
| 3 Bedrooms | $727K | $835K | +14.9% |
| 4 Bedrooms | $837K | $887K | +6.0% |
| 5+ Bedrooms | $1.3M | $1.6M | +24.9% |
Summary: Paramus housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 111.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 24.9%.
Median List Price Compared To Nearby Cities
| Rochelle Park | $494.4K | $565K | +14.3% |
| Fair Lawn | $562.4K | $624.8K | +11.1% |
| Paramus | $824.9K | $899K | +9.0% |
Housing Supply in Paramus, NJ
How many homes are available in Paramus, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 44 | +51.7% |
Summary: The Paramus real estate market had 44 homes for sale in August 2024, a 51.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The Paramus housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 61.5%.
Days on Market for Paramus, NJ
How long does it take to sell a home in Paramus, NJ?
Average Listing Age
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 128 Days | 42 Days | -67.1% |
Summary: Homes in Paramus had an average listing age of 42 days in Aug 2024, down by 67.1% compared to the previous year.
