Housing Prices in Passaic, NJ
How much do homes in Passaic, NJ cost?
Median List Price
$430,000
$282/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Passaic has increased by 38.7% since last year.
Summary: The median home list price in Passaic was $430,000 in March 2024, up 38.7% from the previous year, and the median price per square foot was $282.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $199.9K | +18.3% |
| 2 Bedrooms | $255K | $290K | +13.7% |
| 3 Bedrooms | $399.9K | $432.5K | +8.1% |
| 4 Bedrooms | $464K | $575K | +23.9% |
| 5+ Bedrooms | $569.9K | $699K | +22.6% |
Summary: Passaic housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 22.6%.
Median List Price Compared To Nearby Cities
| Passaic | $309.9K | $430K | +38.7% |
| Garfield | $399.9K | $499K | +24.8% |
| Clifton | $449.9K | $499K | +10.9% |
| East Rutherford | $522.5K | $550K | +5.3% |
| Wallington | $675K | $649.5K | -3.8% |
Housing Supply in Passaic, NJ
How many homes are available in Passaic, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 54 | +45.9% |
Summary: The Passaic real estate market had 54 homes for sale in March 2024, a 45.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The Passaic housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 61.5%.
Days on Market for Passaic, NJ
How long does it take to sell a home in Passaic, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 206 Days | 109 Days | -46.7% |
Summary: Homes in Passaic had an average listing age of 109 days in Mar 2024, down by 46.7% compared to the previous year.
