$4,928 Closing Credit*
$415,000
8 Beds
•3 Full Baths
Christian Montenegro, Listing Office: New and Modern Group
Housing Prices in Passaic, NJ
How much do homes in Passaic, NJ cost?
Median List Price
$499,900
$331/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$150,000(+42.9%)
Key Takeaway
The list price of homes in Passaic has increased by 42.9% since last year.
Summary: The median home list price in Passaic was $499,900 in October 2024, up 42.9% from the previous year, and the median price per square foot was $331.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $232.9K | +33.1% |
| 2 Bedrooms | $289.9K | $315K | +8.7% |
| 3 Bedrooms | $425K | $499K | +17.4% |
| 4 Bedrooms | $594K | $544.4K | -8.3% |
| 5+ Bedrooms | $687K | $699K | +1.7% |
Summary: Passaic housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 1.7%.
Median List Price Compared To Nearby Cities
| Passaic | $349.9K | $499.9K | +42.9% |
| Garfield | $419K | $549.4K | +31.1% |
| Clifton | $469.6K | $525K | +11.8% |
| East Rutherford | $539K | $580K | +7.6% |
| Wallington | $687K | $675K | -1.7% |
Housing Supply in Passaic, NJ
How many homes are available in Passaic, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Passaic real estate market had 61 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The Passaic housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 31.6%.
Days on Market for Passaic, NJ
How long does it take to sell a home in Passaic, NJ?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 205 Days | 86 Days | -57.8% |
Summary: Homes in Passaic had an average listing age of 86 days in Oct 2024, down by 57.8% compared to the previous year.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.