$3,741 Closing Credit*
$315,000
2 Beds
•1 Full Bath, 1 Partial
Listing Office: PEARL GATE REALTY
Housing Prices in Passaic, NJ
How much do homes in Passaic, NJ cost?
Median List Price
$499,900
$323/sqft
Based on all homes listed in the last 12 months.
Difference Since September 2023
+$152,450(+43.9%)
Key Takeaway
The list price of homes in Passaic has increased by 43.9% since last year.
Summary: The median home list price in Passaic was $499,900 in September 2024, up 43.9% from the previous year, and the median price per square foot was $323.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $229.9K | +37.3% |
| 2 Bedrooms | $289.9K | $334K | +15.2% |
| 3 Bedrooms | $400K | $510K | +27.5% |
| 4 Bedrooms | $589K | $544.4K | -7.6% |
| 5+ Bedrooms | $699K | $699.5K | 0.1% |
Summary: Passaic housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 0.1%.
Median List Price Compared To Nearby Cities
| Passaic | $347.4K | $499.9K | +43.9% |
| Garfield | $416.5K | $599K | +43.8% |
| Wallington | $577K | $675K | +17.0% |
| Clifton | $469.9K | $524.6K | +11.6% |
| East Rutherford | $534.4K | $580K | +8.5% |
Housing Supply in Passaic, NJ
How many homes are available in Passaic, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 53 | 63 | +18.9% |
Summary: The Passaic real estate market had 63 homes for sale in September 2024, a 18.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Passaic housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 35.3%.
Days on Market for Passaic, NJ
How long does it take to sell a home in Passaic, NJ?
Average Listing Age
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 194 Days | 81 Days | -58.5% |
Summary: Homes in Passaic had an average listing age of 81 days in Sep 2024, down by 58.5% compared to the previous year.
