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Featured local agent — Palisades Park, NJ
Sarah Mitchell
Compass Real Estate · Palisades Park, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palisades Park, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.25Mmedian sale price
How is the Palisades Park, NJ housing market right now?
The median home sale price in Palisades Park, NJ is $1.25M, up 98.4% year-over-year. Homes sell in an average of 69 days with 61 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palisades Park a buyer's or seller's market?
Palisades Park, NJ is currently a buyer's market, based on 6.8 months of supply and homes selling in about 69 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
69
Average pace
Active listings
61
6.8 months supply
Sale-to-list
99.7%
Below asking
What does the Palisades Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.25M |
| Median list price | $1.05M |
| Year-over-year price change | +98.4% |
| Average days on market | 69 days |
| Active inventory | 61 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $509/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 15 |
| Listings with a price cut | 9.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palisades Park by property type?
How the Palisades Park, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $880,000 | $574/sq ft | 4 | 98 days |
| Condo / Co-op | $1.38M | — | 1 | 104 days |
| Townhouse | $1.22M | $324/sq ft | 3 | 63 days |
Source: Redfin · Updated monthly
The Palisades Park housing market is currently classified as a buyer's market with a median sale price of $1.25M. Prices have risen 98.4% compared to last year, with homes spending an average of 69 days on market, indicating 6.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 9.8x provides context for how home values compare to local earning capacity.
Homes for sale in Palisades Park
There are currently 61 homes listed for sale in Palisades Park, New Jersey. The median listing price is $1.1M.
Active listings
61
Homes on market
Median list price
$1.1M
Avg. days on market
69
Days until sale
New this week
15
Newly listed
Who lives in Palisades Park?
Population
20,192
Median income
$101,295/yr
Median age
43.2 years
Owner-occupied
37.2%
College grads
53.7%
Avg commute
32.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Palisades Park?
Zillow home value
$997,727
Zillow rent index
$2,743/mo
Price-to-rent ratio
30.3x
Price-to-income
9.8x
Source: Zillow Research
What is it like to live in Palisades Park?
Palisades Park is a community of approximately 20K residents with a median age of 43.2 years.The median household income is $101,295, which reflects a relatively affluent area with strong earning potential. 53.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 37.2%, showing a blend of owner and renter-occupied properties. The average commute time is 32.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Palisades Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palisades Park?
3 schools tracked · 1,777 students
The largest public schools serving Palisades Park, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lindbergh Elementary School
Grades 1-6 · 780 students
Palisades Park Jr-Sr High School
Grades 7-12 · 736 students
Charles R Smith Early Chilhood Center
Grades PK-K · 261 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palisades Park, NJ?
Want a head-to-head view? Compare Palisades Park side-by-side with any other U.S. city using our market-comparison tool.
Is Palisades Park a good real estate investment market?
For investors evaluating Palisades Park, the price-to-rent ratio of 30.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 98.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palisades Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palisades Park's median home price.
Frequently asked questions
What is the average home price in Palisades Park?
The median home sale price in Palisades Park is $1.25M, up 98.4% from last year.
How long do homes stay on market in Palisades Park?
Homes typically spend 69 days on market before going under contract.
What is the median income in Palisades Park?
The median household income is $101,295 per year.
Is Palisades Park a buyer's or seller's market?
With 6.8 months of supply, Palisades Park is currently a buyer's market.
What is the Zillow home value estimate for Palisades Park?
The Zillow Home Value Index (ZHVI) for Palisades Park is $997,727, representing the typical home value in the area.
What is the median condo price in Palisades Park?
The median condo/co-op sale price in Palisades Park, NJ is $1.38M, compared to $880,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palisades Park?
The median single-family home price in Palisades Park, NJ is $880,000 (about $574 per square foot).
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