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Hillcrest Totowa

PATERSON, NJ 07502

Real Estate Market Report  ·  Passaic County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07502

Hillcrest · Totowa

Market Analysis

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

The PATERSON, NJ real estate market (07502) currently shows 27 active listings, with 9 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

The median listing price has risen 2.5% year-over-year, from $516,750 to $529,450.

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

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

Market Overview

Active Listings
27
⇧ 92.9% vs 14 last year
Pending
9
33% pending ratio
Median Price
$529,450
⇧ 2.5% vs $516,750 last year
Average Price
$493,251
⇧ 7.4% vs $459,208 last year
Days on Market
38
vs 38 days last year

Price Per Square Foot

Median $/sqft
$301
⇩ 0.3% vs $302/sqft last year
Median Home Size
1,825 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 14 last year
  • Days on market: 38 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $529,450 (+2.5% YoY)
  • Average: $493,251 (+7.4% 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 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 July 2026, there are 27 active listings in PATERSON, NJ (zip code 07502), compared to 14 the prior year.

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

The median listing price in PATERSON, NJ 07502 is $529,450 as of July 2026, a 2.5% increase from $516,750 the prior year.

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

Homes in PATERSON, NJ 07502 spend an average of 38 days on the market before going under contract, compared to 38 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 July 2026, PATERSON, NJ 07502 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

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 $10,589 compared to a typical 5% commission on the median listing price of $529,450. 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.