Brokers — List your Company Here
Featured local agent — Paterson, NJ
Sarah Mitchell
Compass Real Estate · Paterson, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Paterson, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$618,500median sale price
How is the Paterson, NJ housing market right now?
The median home sale price in Paterson, NJ is $618,500, up 7.6% year-over-year. Homes sell in an average of 55 days with 245 active listings. The market is currently a balanced 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 Paterson a buyer's or seller's market?
Paterson, NJ is currently a balanced market, based on 5.6 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
44
Last 12 weeks
Days on market
55
Average pace
Active listings
245
5.6 months supply
Sale-to-list
103.3%
Above asking
What does the Paterson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $618,500 |
| Median list price | $599,900 |
| Year-over-year price change | +7.6% |
| Average days on market | 55 days |
| Active inventory | 245 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 103.3% |
| Median price per sq ft | $314/sq ft |
| Homes sold (latest month) | 44 |
| New listings (latest month) | 94 |
| Listings with a price cut | 13.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Paterson by property type?
How the Paterson, 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 | $502,500 | $334/sq ft | 12 | 51 days |
| Condo / Co-op | $420,000 | — | 1 | 54 days |
| Townhouse | $399,000 | $384/sq ft | 1 | 57 days |
Source: Redfin · Updated monthly
The Paterson housing market is currently classified as a balanced market with a median sale price of $618,500. Prices have risen 7.6% compared to last year, with homes spending an average of 55 days on market, indicating 5.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 10.1x provides context for how home values compare to local earning capacity.
Homes for sale in Paterson
There are currently 245 homes listed for sale in Paterson, New Jersey. The median listing price is $600K.
Active listings
245
Homes on market
Median list price
$600K
Avg. days on market
55
Days until sale
New this week
94
Newly listed
Who lives in Paterson?
Population
157,660
Median income
$53,766/yr
Median age
33.3 years
Owner-occupied
26.2%
College grads
12.5%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Paterson?
Zillow home value
$541,017
Zillow rent index
$1,941/mo
Price-to-rent ratio
23.2x
Price-to-income
10.1x
Source: Zillow Research
What is it like to live in Paterson?
Paterson is a community of approximately 158K residents with a median age of 33.3 years.The median household income is $53,766, which represents a working-class community with solid middle-income opportunities. 12.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 26.2%, showing a blend of owner and renter-occupied properties. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Paterson offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Paterson?
48 schools tracked · 27,591 students
The largest public schools serving Paterson, 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.
Eastside High School
Grades 9-12 · 2,087 students
John F. Kennedy High School
Grades 9-12 · 1,794 students
Paterson Charter School for Science and Technology
Grades K-12 · 1,664 students
College Achieve Paterson Charter School
Grades K-12 · 1,499 students
Paterson Arts and Science Charter School
Grades K-12 · 1,212 students
Joseph A. Taub School
Grades 6-8 · 968 students
Community Charter School of Paterson
Grades K-8 · 900 students
School 16
Grades PK-8 · 840 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 Paterson, NJ?
Want a head-to-head view? Compare Paterson side-by-side with any other U.S. city using our market-comparison tool.
Is Paterson a good real estate investment market?
For investors evaluating Paterson, the price-to-rent ratio of 23.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.6% 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 Paterson's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Paterson's median home price.
Frequently asked questions
What is the average home price in Paterson?
The median home sale price in Paterson is $618,500, up 7.6% from last year.
How long do homes stay on market in Paterson?
Homes typically spend 55 days on market before going under contract.
What is the median income in Paterson?
The median household income is $53,766 per year.
Is Paterson a buyer's or seller's market?
With 5.6 months of supply, Paterson is currently a balanced market.
What is the Zillow home value estimate for Paterson?
The Zillow Home Value Index (ZHVI) for Paterson is $541,017, representing the typical home value in the area.
What is the median condo price in Paterson?
The median condo/co-op sale price in Paterson, NJ is $420,000, compared to $502,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Paterson?
The median single-family home price in Paterson, NJ is $502,500 (about $334 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Paterson, NJ
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Paterson market alerts
Weekly updates on prices, inventory, and trends. Free forever.