Market Intelligence · NJ / Paterson

Paterson, NJ 07504 Housing Market

Typical home value in Paterson, NJ 07504 stands at $588,499, up 5.6% over the past year. The median list price is $525,000, and homes are moving in 32 days on the market.

Updated September 2026Median value$588K

The median home value in Paterson, NJ 07504 is $588K as of September 2026, up 5.6% 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.

Sell without the wait

Sell your Paterson home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 07504 range

$541K to $636K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 07504 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Paterson, NJ.

12-month value trend

+5.6% over 12 months

Sep 2025$557K

Low $557KHigh $588K

Sep 2026$588K

The numbers

What is the 07504 housing market like?

As of September 2026

Typical home value

$588K

5.6%YoY

Median list price

$525K

4.5%MoM

Days on market

33.3%MoM

Homes for sale

16.7%MoM

Price cuts

0.0%

New listings

0.0%MoM

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

The outlook

07504 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07504 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 07504 rose 5.6%, per the Zillow Home Value Index.

Will home prices drop in 07504?

Zillow's forecast does not call for a drop: it expects typical home values in 07504 to rise 2.6% by September 2027, after a 5.6% 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.

Free home value report

See what your 07504 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 07504 home prices compare?

07504$588,499
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

The 07504 ZIP has 7 homes for sale as of September 2026, with 4 new listings recently added. Homes are selling at a moderate pace, taking around 32 days to move. The typical home value of $588,499 reflects a year-over-year gain of 5.6%, suggesting a steady market. For sellers, the combination of limited inventory and steady appreciation means you're in a position to price competitively without expecting dramatic negotiations.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $117,700

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 07504?

The typical home value in Paterson, NJ 07504 is $588,499, representing a 5.6% increase over the past year.

How long do homes take to sell in 07504?

Homes in this ZIP have a median time on market of 32 days as of September 2026.

How many homes are currently for sale in 07504?

There are 7 homes for sale in 07504, with 4 new listings added as of September 2026.

Discover

Nearby ZIP markets.

Keep reading