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.
