Market Intelligence · NJ / Paterson

Paterson, NJ 07503 Housing Market

In Paterson's 07503 ZIP, the typical home value is $562,017, up 7.8% over the past year. The median list price sits at $409,499, and homes take a median of 96 days to sell.

Updated August 2026Median value$562K

The median home value in Paterson, NJ 07503 is $562K as of August 2026, up 7.8% 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 07503 range

$517K to $607K

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

+7.8% over 12 months

Typical home value in 07503 over the last 12 months: $522K in Aug 2025 to $562K in Aug 2026 (+7.8%).

Aug 2025$522K

Aug 2026$562K

The numbers

What is the 07503 housing market like?

Typical home value

$562K

Up7.8%YoY

Median list price

$409K

Down17.9%MoM

Days on market

96

Up68.4%MoM

Homes for sale

9

Down43.7%MoM

Price cuts

0.0%

New listings

0

Down100.0%MoM

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

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The comparison

How do 07503 home prices compare?

  • 07503$562,017
  • 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

Home values in 07503 have climbed 7.8% over the past year, bringing the typical value to $562,017. Even so, the market moves slowly here, with a median of 96 days on market. Inventory is thin, with only 9 homes for sale and 0 new listings coming on. The share of listings with a price cut is 0.0%, suggesting sellers are holding firm on price rather than discounting to attract buyers. For a seller, patience matters more than aggressive pricing in this ZIP, since buyers are fewer but values are still rising.

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