Market Intelligence · NJ / Paterson

Paterson, NJ 07501 Housing Market

The typical home value in Paterson's 07501 ZIP code is $478,223, down 0.5% over the past year as of 2026-08-01. The median list price is $385,000, and homes are spending a median of 52 days on the market.

Updated August 2026Median value$478K

The median home value in Paterson, NJ 07501 is $478K as of August 2026, down 0.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 07501 range

$440K to $516K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.5% over 12 months

Typical home value in 07501 over the last 12 months: $481K in Aug 2025 to $478K in Aug 2026 (-0.5%).

Aug 2025$481K

Aug 2026$478K

The numbers

What is the 07501 housing market like?

Typical home value

$478K

Down0.5%YoY

Median list price

$385K

Up1.0%MoM

Days on market

52

Up20.9%MoM

Homes for sale

19

Up5.6%MoM

Price cuts

11.8%

Down70.2%MoM

New listings

8

Up33.3%MoM

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

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The comparison

How do 07501 home prices compare?

  • 07501$478,223
  • Paterson$537,705
  • New Jersey$576,681
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Paterson: 8 ZIPs; New Jersey: 547 ZIPs; United States: 26,265 ZIPs).

Context

Sellers in 07501 are working with a modest pool of buyers. There are 19 homes for sale, with 8 new listings hitting the market as of 2026-08-01. The median list price of $385,000 sits well below the typical home value of $478,223, which is down 0.5% over the past year. Price cuts are not widespread, with 11.8% of listings taking a reduction. For a seller, this points to a market that is stable but slightly soft, where realistic pricing from day one matters more than testing the ceiling.

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20% · $95,645

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