Home ValuePros

Market Intelligence · NJ / Passaic County

Paterson, NJ home prices and housing market

8 ZIP markets liveData updated September 2026Typical value$540K1-yr changeUp3.6%

The typical home value in Paterson, NJ is $540K as of September 2026, up 3.6% from a year ago, based on the Zillow Home Value Index. In the typical Paterson ZIP code, the median list price is $477K and homes spend a median of 46 days on market as of September 2026 (Realtor.com).

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The coverage

Paterson, by the numbers.

Typical home valueZillow ZHVI, September 2026
$540K
1-yr changeMedian across Paterson ZIPs
+3.6%
ZIP markets live13 tracked in Paterson
8
County
Passaic County

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12-month value trend

+3.6% over 12 months

Typical home value in Paterson over the last 12 months: $521K in Sep 2025 to $540K in Sep 2026 (+3.6%).

Sep 2025$521K

Sep 2026$540K

Median Zillow home value index across Paterson's ZIP codes.

Context

Paterson's housing market shows modest momentum heading into fall 2026. The typical home value stands at $537,705, up 3.7% over the past year as of August 2026. With 90 homes for sale and 34 new listings in September 2026, inventory remains limited but steady. Homes are spending a median of 46 days on the market, and notably, no listings carried a price cut that month. The median list price sits at $477,250. For homeowners considering a sale, Paterson offers a balanced market without the urgency of a sellers' rush, but also without signs of significant softening.

The numbers

What is the housing market like in Paterson, NJ?

Typical home value

$540K

Up3.6%YoY

Median list price

$477K

Days on market

46

Homes for sale

90

Price cuts

0.0%

New listings

34

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Paterson's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Paterson, NJ home prices over time

Typical home values in Paterson, NJ are up 3.6% over the past year, from $521K in September 2025 to $540K in September 2026.

Typical home value in Paterson, NJ, September of each year
MonthTypical value1-yr change
September 2026$540,076+3.6%
September 2025$521,361No prior year

Typical value is the median Zillow Home Value Index across Paterson ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Paterson, NJ a buyer's or seller's market?

Paterson, NJ leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 46 days on market and 0% of listings with a price cut in the typical Paterson ZIP code, and 34 new listings against 90 active listings across Paterson, as of September 2026 (Realtor.com).

The outlook

Paterson housing market forecast 2027

+2.5%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 8 Paterson ZIP codes, points to typical home values rising 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in Paterson rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in Paterson?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Paterson shows typical home values rising 2.5% by September 2027, after a 3.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 8 Paterson ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Paterson ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 13 Paterson ZIP codes in total; the remaining 5 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

Local pros

Who are the top real estate agents in Paterson?

Top real estate agents in Paterson, NJ

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Common questions

Questions about Paterson, NJ home prices.

What is a typical home worth in Paterson?

As of August 2026, the typical home value in Paterson is $537,705, which represents a 3.7% increase over the past year.

How long do homes typically sit on the market in Paterson?

As of September 2026, homes in Paterson spend a median of 46 days on the market before sale.

How many homes are for sale in Paterson right now?

As of September 2026, there are 90 homes for sale in Paterson, with 34 new listings added that month.

Are home prices going up or down in Paterson, NJ?

Typical home values in Paterson, NJ are up 3.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Paterson, NJ a buyer's or seller's market?

Paterson, NJ leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 46 days on market and 0% of listings with a price cut in the typical Paterson ZIP code, and 34 new listings against 90 active listings across Paterson, as of September 2026 (Realtor.com).

Nearby markets

More New Jersey housing markets.

The market is moving

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