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Downtown Garret Mountain Great Falls Sandy Hill Stoney Road Wrigley Park

PATERSON, NJ 07501

Real Estate Market Report  ·  Passaic County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07501

Downtown · Garret Mountain · Great Falls · Sandy Hill · Stoney Road · Wrigley Park

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PATERSON, NJ real estate market (07501) currently shows 17 active listings, with 5 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 35 days on market compared to 17 days last year.

The median listing price has risen 8.2% year-over-year, from $347,500 to $376,000.

Whether you are buying or selling in PATERSON, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 35,492  ·  Density: 7,612.6/mi²  ·  Median household income: $38,776

Typical home value: $274,891  ·  Homeownership: 13.5%

Market Overview

Active Listings
17
⇧ 54.5% vs 11 last year
Pending
5
29% pending ratio
Median Price
$376,000
⇧ 8.2% vs $347,500 last year
Average Price
$367,807
⇩ 1.4% vs $372,950 last year
Days on Market
35
⇧ 105.9% vs 17 days last year

Price Per Square Foot

Median $/sqft
$306
⇩ 36.1% vs $479/sqft last year
Median Home Size
1,094 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 11 last year
  • Days on market: 35 now vs 17 last year

Median & Average Pricing

Year over Year
  • Median: $376,000 (+8.2% YoY)
  • Average: $367,807 (-1.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 4.9 miles — 316 listings ($263,247,434 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07501Paterson, NJ 075010.0 mi13$4,752,813$354,500$365,601
07522Paterson, NJ 075220.9 mi7$2,431,044$298,500$347,292
07502Paterson, NJ 075021.3 mi13$7,565,753$565,000$581,981
07524Paterson, NJ 075241.6 mi3$1,080,750$376,250$360,250
07514Paterson, NJ 075141.7 mi13$6,625,112$453,500$509,624
07512Totowa, NJ 075122.7 mi23$22,564,265$756,250$981,055
07407Elmwood Park, NJ 074072.7 mi24$15,130,872$619,500$630,453
07013Clifton, NJ 070133.0 mi44$28,070,284$586,750$637,961
07410Fair Lawn, NJ 074103.2 mi33$28,299,480$789,000$857,560
07026Garfield, NJ 070264.0 mi17$8,773,173$532,000$516,069
07055Passaic, NJ 070554.4 mi24$16,665,336$569,000$694,389
07470Wayne, NJ 074704.6 mi82$64,516,452$686,661$786,786
07009Cedar Grove, NJ 070094.9 mi20$56,772,100$920,000$2,838,605

Frequently Asked Questions

How many homes are for sale in PATERSON, NJ 07501?

As of March 2026, there are 17 active listings in PATERSON, NJ (zip code 07501), compared to 11 the prior year.

What is the median home price in PATERSON, NJ 07501?

The median listing price in PATERSON, NJ 07501 is $376,000 as of March 2026, a 8.2% increase from $347,500 the prior year.

How long do homes stay on the market in PATERSON, NJ?

Homes in PATERSON, NJ 07501 spend an average of 35 days on the market before going under contract, compared to 17 days the prior year.

Is it a seller's or buyer's market in PATERSON, NJ 07501?

Based on current inventory and days-on-market data as of March 2026, PATERSON, NJ 07501 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 35 days on market compared to 17 days last year.

How much can I save on real estate commission in PATERSON, NJ?

With SELL123.com's maximum 3% commission, sellers in PATERSON, NJ 07501 save an estimated $7,520 compared to a typical 5% commission on the median listing price of $376,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.