Housing Prices in Passaic, NJ
How much do homes in Passaic, NJ cost?
Median List Price
$495,750
$278/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Passaic has increased by 50.7% since last year.
Summary: The median home list price in Passaic was $495,750 in May 2024, up 50.7% from the previous year, and the median price per square foot was $278.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $220K | +30.2% |
| 2 Bedrooms | $259K | $315K | +21.6% |
| 3 Bedrooms | $429.4K | $464K | +8.0% |
| 4 Bedrooms | $467K | $599K | +28.3% |
| 5+ Bedrooms | $550K | $694.4K | +26.3% |
Summary: Passaic housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 26.3%.
Median List Price Compared To Nearby Cities
| Passaic | $329K | $495.7K | +50.7% |
| Garfield | $389.9K | $557.4K | +43.0% |
| Wallington | $542.4K | $662.4K | +22.1% |
| Clifton | $450K | $499K | +10.9% |
| East Rutherford | $539.9K | $559K | +3.5% |
Housing Supply in Passaic, NJ
How many homes are available in Passaic, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 71 | +42.0% |
Summary: The Passaic real estate market had 71 homes for sale in May 2024, a 42.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 13 | 21 | +61.5% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Passaic housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 35%.
Days on Market for Passaic, NJ
How long does it take to sell a home in Passaic, NJ?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 197 Days | 99 Days | -49.9% |
Summary: Homes in Passaic had an average listing age of 99 days in May 2024, down by 49.9% compared to the previous year.
