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Hillcrest Totowa

PATERSON, NJ 07502

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

Neighborhoods in ZIP 07502

Hillcrest · Totowa

Market Analysis

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

The PATERSON, NJ real estate market (07502) currently shows 20 active listings, with 4 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46 days on market compared to 26 days last year.

The median listing price has fallen 2.9% year-over-year, from $511,750 to $497,000.

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Market Context

Market Context

Population: 17,328  ·  Density: 7,786.7/mi²  ·  Median household income: $72,036

Typical home value: $329,567  ·  Homeownership: 55.4%

Market Overview

Active Listings
20
⇧ 11.1% vs 18 last year
Pending
4
20% pending ratio
Median Price
$497,000
⇩ 2.9% vs $511,750 last year
Average Price
$493,494
⇧ 4.3% vs $473,075 last year
Days on Market
46
⇧ 76.9% vs 26 days last year

Price Per Square Foot

Median $/sqft
$336
⇧ 32.8% vs $253/sqft last year
Median Home Size
1,550 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 18 last year
  • Days on market: 46 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $497,000 (-2.9% YoY)
  • Average: $493,494 (+4.3% 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 5.5 miles — 229 listings ($191,625,717 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07502Paterson, NJ 075020.0 mi13$7,565,753$565,000$581,981
07505Paterson, NJ 075051.2 mi1$285,000$285,000$285,000
07512Totowa, NJ 075121.7 mi23$22,564,265$756,250$981,055
07508Haledon, NJ 075082.5 mi25$19,179,650$650,000$767,186
07513Paterson, NJ 075132.6 mi1$449,900$449,900$449,900
07514Paterson, NJ 075142.7 mi13$6,625,112$453,500$509,624
07506Hawthorne, NJ 075063.3 mi20$13,678,800$632,499$683,940
07013Clifton, NJ 070133.6 mi44$28,070,284$586,750$637,961
07407Elmwood Park, NJ 074074.0 mi24$15,130,872$619,500$630,453
07452Glen Rock, NJ 074524.6 mi15$23,779,875$1,674,500$1,585,325
07043Montclair, NJ 070435.2 mi17$31,819,750$1,039,750$1,871,750
07663Saddle Brook, NJ 076635.3 mi9$5,811,120$650,000$645,680
07055Passaic, NJ 070555.5 mi24$16,665,336$569,000$694,389

Frequently Asked Questions

How many homes are for sale in PATERSON, NJ 07502?

As of September 2026, there are 20 active listings in PATERSON, NJ (zip code 07502), compared to 18 the prior year.

What is the median home price in PATERSON, NJ 07502?

The median listing price in PATERSON, NJ 07502 is $497,000 as of September 2026, a 2.9% decrease from $511,750 the prior year.

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

Homes in PATERSON, NJ 07502 spend an average of 46 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in PATERSON, NJ 07502?

Based on current inventory and days-on-market data as of September 2026, PATERSON, NJ 07502 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 46 days on market compared to 26 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 07502 save an estimated $9,940 compared to a typical 5% commission on the median listing price of $497,000. 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.