Market Intelligence · NJ / Paterson

Paterson, NJ 07502 Housing Market

Homes in Paterson, NJ 07502 have a typical value of $542,381, up 4.2% over the past year. The median list price stands at $497,000, with homes staying on the market for a median of 46 days as of September 2026.

Updated September 2026Median value$542K

The median home value in Paterson, NJ 07502 is $542K as of September 2026, up 4.2% 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 07502 range

$499K to $586K

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

+4.2% over 12 months

Typical home value in 07502 over the last 12 months: $521K in Sep 2025 to $542K in Sep 2026 (+4.2%).

Sep 2025$521K

Sep 2026$542K

The numbers

What is the 07502 housing market like?

Typical home value

$542K

Up4.2%YoY

Median list price

$497K

Up1.4%MoM

Days on market

46

Down11.5%MoM

Homes for sale

16

Flat0.0%MoM

Price cuts

13.0%

New listings

12

Up50.0%MoM

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

The outlook

07502 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07502 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 07502 rose 4.2%, per the Zillow Home Value Index.

Will home prices drop in 07502?

Zillow's forecast does not call for a drop: it expects typical home values in 07502 to rise 2.1% by September 2027, after a 4.2% rise 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 07502 home prices compare?

  • 07502$542,381
  • 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

As of September 2026, there are 16 homes for sale in 07502, with 12 new listings added recently. The median list price of $497,000 reflects modest pricing pressure in a market where homes average 46 days on market. Typical home values have grown 4.2% year-over-year to $542,381, suggesting underlying stability. However, 13.0% of listings have seen price cuts, a sign that sellers are adjusting to market conditions. If you're considering selling, expect a moderate pace and be prepared to price competitively.

Monthly payment

Estimate your monthly payment.

20% · $108,476

Common questions

What people ask us.

What is a typical home worth in Paterson, NJ 07502?

The typical home value is $542,381, up 4.2% over the past year as of September 2026.

How many homes are currently for sale in 07502?

There are 16 homes for sale as of September 2026, with 12 new listings added recently.

How long do homes typically stay on the market here?

The median days on market is 46 as of September 2026.

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