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Eastside Manor Riverside Riverside Terrace Wrigley Park

PATERSON, NJ 07514

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

Neighborhoods in ZIP 07514

Eastside · Manor · Riverside · Riverside Terrace · Wrigley Park

Market Analysis

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

The PATERSON, NJ real estate market (07514) currently shows 13 active listings, with 6 pending sales. Homes are averaging 149 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 149 days on market compared to 81 days last year.

The median listing price has fallen 2.7% year-over-year, from $499,000 to $485,500.

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: 18,461  ·  Density: 7,684.3/mi²  ·  Median household income: $56,686

Typical home value: $259,299  ·  Homeownership: 31.0%

Market Overview

Active Listings
13
⇧ 18.2% vs 11 last year
Pending
6
46% pending ratio
Median Price
$485,500
⇩ 2.7% vs $499,000 last year
Average Price
$568,111
⇧ 19.9% vs $473,989 last year
Days on Market
149
⇧ 84% vs 81 days last year

Price Per Square Foot

Median $/sqft
$272
Median Home Size
658 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 11 last year
  • Days on market: 149 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $485,500 (-2.7% YoY)
  • Average: $568,111 (+19.9% 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 4.7 miles — 247 listings ($216,819,723 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07514Paterson, NJ 075140.0 mi13$6,625,112$453,500$509,624
07504Paterson, NJ 075041.0 mi10$5,724,650$574,500$572,465
07410Fair Lawn, NJ 074101.6 mi33$28,299,480$789,000$857,560
07501Paterson, NJ 075011.7 mi13$4,752,813$354,500$365,601
07407Elmwood Park, NJ 074071.9 mi24$15,130,872$619,500$630,453
07506Hawthorne, NJ 075062.3 mi20$13,678,800$632,499$683,940
07502Paterson, NJ 075022.7 mi13$7,565,753$565,000$581,981
07663Saddle Brook, NJ 076633.0 mi9$5,811,120$650,000$645,680
07662Rochelle Park, NJ 076623.7 mi7$4,876,081$669,250$696,583
07652Paramus, NJ 076524.1 mi35$55,180,580$1,342,000$1,576,588
07450Ridgewood, NJ 074504.2 mi12$32,781,396$1,612,250$2,731,783
07424Little Falls, NJ 074244.3 mi48$31,360,176$619,225$653,337
07644Lodi, NJ 076444.7 mi10$5,032,890$579,950$503,289

Frequently Asked Questions

How many homes are for sale in PATERSON, NJ 07514?

As of March 2026, there are 13 active listings in PATERSON, NJ (zip code 07514), compared to 11 the prior year.

What is the median home price in PATERSON, NJ 07514?

The median listing price in PATERSON, NJ 07514 is $485,500 as of March 2026, a 2.7% decrease from $499,000 the prior year.

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

Homes in PATERSON, NJ 07514 spend an average of 149 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in PATERSON, NJ 07514?

Based on current inventory and days-on-market data as of March 2026, PATERSON, NJ 07514 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 149 days on market compared to 81 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 07514 save an estimated $9,710 compared to a typical 5% commission on the median listing price of $485,500. 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.