Housing Prices in Paterson, NJ
How much do homes in Paterson, NJ cost?
Median List Price
$449,406
$234/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
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 $449,406 in April 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 | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $175K | +12.9% |
| 2 Bedrooms | $280K | $319K | +13.9% |
| 3 Bedrooms | $349K | $379.9K | +8.9% |
| 4 Bedrooms | $419.9K | $450K | +7.2% |
| 5+ Bedrooms | $422.4K | $549K | +29.9% |
Summary: Paterson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 29.9%.
Median List Price Compared To Nearby Cities
| Paterson | $349.9K | $449.4K | +28.4% |
| Haledon | $378K | $459K | +21.4% |
| Elmwood Park | $439K | $475K | +8.2% |
| Fair Lawn | $569.4K | $585K | +2.7% |
Housing Supply in Paterson, NJ
How many homes are available in Paterson, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 223 | 290 | +30.0% |
Summary: The Paterson real estate market had 290 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 41 | 65 | +58.5% |
| 5+ Bedrooms | 126 | 166 | +31.7% |
Summary: The Paterson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 58.5%, and 5+ bedroom homes increased by 31.7%.
Days on Market for Paterson, NJ
How long does it take to sell a home in Paterson, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 176 Days | 86 Days | -51.2% |
Summary: Homes in Paterson had an average listing age of 86 days in Apr 2024, down by 51.2% compared to the previous year.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.