Market Intelligence · NJ / Paterson

Paterson, NJ 07501 Housing Market

Typical home value in Paterson, NJ 07501 stands at $478,671, down 0.7% over the past year. The median list price is $366,100, with homes spending a median 37 days on market as of September 2026.

Updated September 2026Median value$479K

The median home value in Paterson, NJ 07501 is $479K as of September 2026, down 0.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 07501 range

$440K to $517K

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

-0.7% over 12 months

Sep 2025$482K

Low $479KHigh $488K

Sep 2026$479K

The numbers

What is the 07501 housing market like?

As of September 2026

Typical home value

$479K

0.7%YoY

Median list price

$366K

4.9%MoM

Days on market

28.8%MoM

Homes for sale

0.0%MoM

Price cuts

4.9%

58.5%MoM

New listings

25.0%MoM

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

The outlook

07501 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07501 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 07501 fell 0.7%, per the Zillow Home Value Index.

Will home prices drop in 07501?

Zillow's forecast does not call for a drop: it expects typical home values in 07501 to rise 1.8% by September 2027, after a 0.7% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07501 home prices compare?

07501$478,671
Paterson$540,076
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Paterson: 8 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Paterson's market shows moderate activity, with 19 homes for sale and 6 new listings entering the market in September 2026. The median time to sale of 37 days reflects a market moving at a measured pace. Only 4.9% of listings carry a price cut, suggesting most sellers are holding firm on their asking prices despite the small annual decline in typical home value. For current owners, this is a market where pricing strategy and timing matter more than rushing to list.

Monthly payment

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Home price

Down payment20% · $95,734

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Common questions

What people ask us.

What is a typical home worth in Paterson, NJ 07501?

The typical home value is $478,671 as of September 2026, down 0.7% over the past year.

How long do homes typically stay on the market in 07501?

The median days on market is 37 as of September 2026.

How many homes are currently for sale in Paterson, NJ 07501?

There are 19 homes for sale as of September 2026.

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