$7,006 Closing Credit*
$589,999
5 Beds
•4 Full Baths
Katherine Batista, Listing Office: Keller Williams Park Views
Housing Prices in Paterson, NJ
How much do homes in Paterson, NJ cost?
Median List Price
$462,300
$245/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$92,301(+24.9%)
Key Takeaway
The list price of homes in Paterson has increased by 24.9% since last year.
Summary: The median home list price in Paterson was $462,300 in November 2024, up 24.9% from the previous year, and the median price per square foot was $245.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $179K | +6.9% |
| 2 Bedrooms | $304.9K | $304.5K | -0.1% |
| 3 Bedrooms | $369.9K | $425K | +14.9% |
| 4 Bedrooms | $440K | $449.9K | +2.3% |
| 5+ Bedrooms | $440K | $599.9K | +36.4% |
Summary: Paterson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 36.4%.
Median List Price Compared To Nearby Cities
| Haledon | $394K | $499K | +26.6% |
| Paterson | $369.9K | $462.3K | +24.9% |
| Fair Lawn | $559.9K | $625K | +11.6% |
| Elmwood Park | $455K | $494.5K | +8.7% |
Housing Supply in Paterson, NJ
How many homes are available in Paterson, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 244 | +17.3% |
Summary: The Paterson real estate market had 244 homes for sale in November 2024, a 17.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 30 | 38 | +26.7% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 116 | 145 | +25.0% |
Summary: The Paterson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Days on Market for Paterson, NJ
How long does it take to sell a home in Paterson, NJ?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 151 Days | 85 Days | -43.4% |
Summary: Homes in Paterson had an average listing age of 85 days in Nov 2024, down by 43.4% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.