Market Intelligence · NJ / Paterson

Paterson, NJ 07504 Housing Market

The typical home in Paterson, NJ 07504 is worth $582,375, up 4.9% over the past year as of 2026-08-01. The median list price in the ZIP is $550,000, and homes are spending a median of 24 days on the market.

Updated August 2026Median value$582K

The median home value in Paterson, NJ 07504 is $582K as of August 2026, up 4.9% 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 07504 range

$536K to $629K

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

+4.9% over 12 months

Typical home value in 07504 over the last 12 months: $555K in Aug 2025 to $582K in Aug 2026 (+4.9%).

Aug 2025$555K

Aug 2026$582K

The numbers

What is the 07504 housing market like?

Typical home value

$582K

Up4.9%YoY

Median list price

$550K

Down3.8%MoM

Days on market

24

Down62.5%MoM

Homes for sale

6

Up20.0%MoM

Price cuts

0.0%

New listings

4

Flat0.0%MoM

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

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The comparison

How do 07504 home prices compare?

  • 07504$582,375
  • 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

As of 2026-08-01, there are 6 homes for sale in Paterson 07504, with 4 new listings hitting the market. The median list price sits at $550,000, while the typical home value is $582,375, up 4.9% over the past year. Homes are moving at a median of 24 days on market, and 0.0% of listings have taken a price cut. That is a small but active market where sellers are holding their asking prices. For a homeowner thinking about selling, values are rising and buyers are acting quickly at current prices.

Monthly payment

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20% · $116,475

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