$4,988 Closing Credit*
$420,000
6 Beds
•6 Full Baths
Nuris M. Meek, Listing Office: RE/MAX Town & Valley
Housing Prices in Paterson, NJ
How much do homes in Paterson, NJ cost?
Median List Price
$475,000
$234/sqft
Based on all homes listed in the last 12 months.
Difference Since December 2023
+$105,067(+28.4%)
Key Takeaway
The list price of homes in Paterson has increased by 28.4% since last year.
Summary: The median home list price in Paterson was $475,000 in December 2024, up 28.4% from the previous year, and the median price per square foot was $234.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $199K | +15.4% |
| 2 Bedrooms | $309.9K | $319K | +2.9% |
| 3 Bedrooms | $375K | $425K | +13.3% |
| 4 Bedrooms | $440K | $464.9K | +5.7% |
| 5+ Bedrooms | $425K | $599K | +40.9% |
Summary: Paterson housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 40.9%.
Median List Price Compared To Nearby Cities
| Paterson | $369.9K | $475K | +28.4% |
| Haledon | $394.5K | $499K | +26.5% |
| Elmwood Park | $452.5K | $539.5K | +19.2% |
| Fair Lawn | $550K | $622.4K | +13.2% |
Housing Supply in Paterson, NJ
How many homes are available in Paterson, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 204 | 229 | +12.3% |
Summary: The Paterson real estate market had 229 homes for sale in December 2024, a 12.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 24 | 37 | +54.2% |
| 5+ Bedrooms | 114 | 130 | +14.0% |
Summary: The Paterson housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes increased by 14%.
Days on Market for Paterson, NJ
How long does it take to sell a home in Paterson, NJ?
Average Listing Age
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 154 Days | 88 Days | -42.6% |
Summary: Homes in Paterson had an average listing age of 88 days in Dec 2024, down by 42.6% compared to the previous year.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.