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PATERSON, NJ 07502

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

Market Overview

Active Listings
12
vs 12 last year
Pending
3
25% pending ratio
Median Price
$550,000
⇧ 11.3% vs $494,000 last year
Average Price
$601,700
⇧ 31.6% vs $457,298 last year
Days on Market
82
⇧ 86.4% vs 44 days last year

Market Context

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

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

Market Analysis

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

The PATERSON, NJ real estate market (07502) currently shows 12 active listings, with 3 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 82 days on market compared to 44 days last year.

The median listing price has risen 11.3% year-over-year, from $494,000 to $550,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 82 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $550,000 (+11.3% YoY)
  • Average: $601,700 (+31.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.5 miles — 232 listings ($182,136,400 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07502Paterson, NJ 075020.0 mi12$7,220,400$550,000$601,700
07505Paterson, NJ 075051.2 mi1$285,000$285,000$285,000
07512Totowa, NJ 075121.7 mi22$24,190,738$836,950$1,099,579
07508Haledon, NJ 075082.5 mi25$18,534,525$649,444$741,381
07513Paterson, NJ 075132.6 mi1$449,900$449,900$449,900
07514Paterson, NJ 075142.7 mi15$7,554,900$455,000$503,660
07506Hawthorne, NJ 075063.3 mi21$14,411,544$634,999$686,264
07013Clifton, NJ 070133.6 mi45$29,457,945$594,000$654,621
07407Elmwood Park, NJ 074074.0 mi21$13,423,452$590,000$639,212
07452Glen Rock, NJ 074524.6 mi14$21,057,148$1,499,000$1,504,082
07043Montclair, NJ 070435.2 mi10$22,390,000$1,100,000$2,239,000
07663Saddle Brook, NJ 076635.3 mi14$8,024,044$575,000$573,146
07055Passaic, NJ 070555.5 mi31$15,136,804$370,000$488,284

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in PATERSON, NJ (zip code 07502), compared to 12 the prior year.

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

The median listing price in PATERSON, NJ 07502 is $550,000 as of January 2026, a 11.3% increase from $494,000 the prior year.

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

Homes in PATERSON, NJ 07502 spend an average of 82 days on the market before going under contract, compared to 44 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 January 2026, PATERSON, NJ 07502 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 82 days on market compared to 44 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 $11,000 compared to a typical 5% commission on the median listing price of $550,000. 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.