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Featured local agent — Passaic, NJ
Sarah Mitchell
Compass Real Estate · Passaic, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Passaic, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$683,500median sale price
How is the Passaic, NJ housing market right now?
The median home sale price in Passaic, NJ is $683,500, up 59.0% year-over-year. Homes sell in an average of 96 days with 64 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 Passaic a buyer's or seller's market?
Passaic, NJ is currently a buyer's market, based on 16.0 months of supply and homes selling in about 96 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
96
Average pace
Active listings
64
16.0 months supply
Sale-to-list
102.3%
Above asking
What does the Passaic housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $683,500 |
| Median list price | $642,000 |
| Year-over-year price change | +59.0% |
| Average days on market | 96 days |
| Active inventory | 64 listings |
| Months of supply | 16.0 months |
| Sale-to-list price ratio | 102.3% |
| Median price per sq ft | $452/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 20 |
| Listings with a price cut | 7.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Passaic by property type?
How the Passaic, 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 | $943,500 | $488/sq ft | 2 | 26 days |
| Condo / Co-op | $155,000 | — | 1 | 221 days |
| Townhouse | $410,000 | $404/sq ft | 1 | 58 days |
Source: Redfin · Updated monthly
The Passaic housing market is currently classified as a buyer's market with a median sale price of $683,500. Prices have risen 59.0% compared to last year, with homes spending an average of 96 days on market, indicating 16.0 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 9.9x provides context for how home values compare to local earning capacity.
Homes for sale in Passaic
There are currently 64 homes listed for sale in Passaic, New Jersey. The median listing price is $642K.
Active listings
64
Homes on market
Median list price
$642K
Avg. days on market
96
Days until sale
New this week
20
Newly listed
Who lives in Passaic?
Population
69,651
Median income
$56,780/yr
Median age
30.9 years
Owner-occupied
23.5%
College grads
16.9%
Avg commute
25.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Passaic?
Zillow home value
$563,434
Zillow rent index
$2,097/mo
Price-to-rent ratio
22.4x
Price-to-income
9.9x
Source: Zillow Research
What is it like to live in Passaic?
Passaic is a community of approximately 70K residents with a median age of 30.9 years.The median household income is $56,780, which represents a working-class community with solid middle-income opportunities. 16.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 23.5%, showing a blend of owner and renter-occupied properties. The average commute time is 25.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Passaic offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Passaic?
21 schools tracked · 13,848 students
The largest public schools serving Passaic, 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.
Passaic High School No. 12
Grades 9-12 · 2,580 students
Passaic Arts and Science Charter School
Grades K-12 · 2,058 students
William B. Cruise Memorial School No. 11
Grades K-8 · 867 students
Passaic Preparatory Academy
Grades 6-12 · 727 students
Martin Luther King Jr. School No. 6
Grades PK-8 · 720 students
Mario Drago School No. 3
Grades PK-8 · 711 students
Passaic Gifted and Talented Academy School No. 20
Grades 2-8 · 710 students
Passaic Academy for Science and Engineering
Grades 6-12 · 694 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 Passaic, NJ?
Want a head-to-head view? Compare Passaic side-by-side with any other U.S. city using our market-comparison tool.
Is Passaic a good real estate investment market?
For investors evaluating Passaic, the price-to-rent ratio of 22.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 59.0% 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 Passaic's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Passaic's median home price.
Frequently asked questions
What is the average home price in Passaic?
The median home sale price in Passaic is $683,500, up 59.0% from last year.
How long do homes stay on market in Passaic?
Homes typically spend 96 days on market before going under contract.
What is the median income in Passaic?
The median household income is $56,780 per year.
Is Passaic a buyer's or seller's market?
With 16.0 months of supply, Passaic is currently a buyer's market.
What is the Zillow home value estimate for Passaic?
The Zillow Home Value Index (ZHVI) for Passaic is $563,434, representing the typical home value in the area.
What is the median condo price in Passaic?
The median condo/co-op sale price in Passaic, NJ is $155,000, compared to $943,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Passaic?
The median single-family home price in Passaic, NJ is $943,500 (about $488 per square foot).
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