Market Intelligence · NJ / Paterson

Paterson, NJ 07514 Housing Market

In Paterson, NJ 07514, the typical home value is $535,100, up 3.1% over the past year as of 2026-08-01. The median list price is $509,900, and homes have a median of 50 days on market.

Updated August 2026Median value$535K

The median home value in Paterson, NJ 07514 is $535K as of August 2026, up 3.1% 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 07514 range

$492K to $578K

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

+3.1% over 12 months

Typical home value in 07514 over the last 12 months: $519K in Aug 2025 to $535K in Aug 2026 (+3.1%).

Aug 2025$519K

Aug 2026$535K

The numbers

What is the 07514 housing market like?

Typical home value

$535K

Up3.1%YoY

Median list price

$510K

Down1.8%MoM

Days on market

50

Down38.3%MoM

Homes for sale

17

Up21.4%MoM

Price cuts

0.0%

New listings

8

Up300.0%MoM

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

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The comparison

How do 07514 home prices compare?

  • 07514$535,100
  • 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

Paterson's 07514 market has 17 homes for sale and 8 new listings as of 2026-08-01. The median list price is $509,900, and the median time on market is 50 days. Typical home value is $535,100, up 3.1% over the past year, while 0.0% of listings have a price cut. Sellers have some support from rising values, but they should still price with care rather than assume demand will absorb an ambitious ask.

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20% · $107,020

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