Paterson, NJ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Paterson, NJ is $640,000, up 39.1% year-over-year. Homes sell in an average of 82 days with 196 active listings. The market is currently a leaning buyer's.
$640,000median sale price
Is Paterson a buyer's or seller's market?
Paterson, NJ is currently a leaning buyer's, based on 5.6 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
35
Last 12 weeks
Days on market
82
Average pace
Active listings
196
5.6 months supply
Sale-to-list
102.7%
Above asking
Paterson, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $640,000 |
| Median list price | $599,999 |
| Year-over-year price change | +39.1% |
| Average days on market | 82 days |
| Active inventory | 196 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 102.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Paterson housing market is currently classified as a leaning buyer's with a median sale price of $640,000. Prices have risen 39.1% compared to last year, with homes spending an average of 82 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.
Market trends
Homes for sale in Paterson
There are currently 196 homes listed for sale in Paterson, New Jersey. The median listing price is $600K.
Active listings
196
Homes on market
Median list price
$600K
Avg. days on market
82
Days until sale
New this week
51
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Paterson?
The median home sale price in Paterson is $640,000, up 39.1% from last year.
How long do homes stay on market in Paterson?
Homes typically spend 82 days on market before going under contract.
Is Paterson a buyer's or seller's market?
With 5.6 months of supply, Paterson is currently a leaning buyer's.
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