Market Intelligence · NJ / Paterson

Paterson, NJ 07514 Housing Market

Typical home value in Paterson, NJ 07514 is $537,455, up 3.0% over the past year. The median list price stands at $477,250, with homes spending a median of 41 days on market as of September 2026.

Updated September 2026Median value$537K

The median home value in Paterson, NJ 07514 is $537K as of September 2026, up 3.0% 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 07514 range

$494K to $580K

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

+3.0% over 12 months

Sep 2025$522K

Low $522KHigh $537K

Sep 2026$537K

The numbers

What is the 07514 housing market like?

As of September 2026

Typical home value

$537K

3.0%YoY

Median list price

$477K

6.4%MoM

Days on market

18.0%MoM

Homes for sale

11.8%MoM

Price cuts

0.0%

New listings

25.0%MoM

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

The outlook

07514 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07514 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 07514 rose 3.0%, per the Zillow Home Value Index.

Will home prices drop in 07514?

Zillow's forecast does not call for a drop: it expects typical home values in 07514 to rise 2.2% by September 2027, after a 3.0% 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 07514 home prices compare?

07514$537,455
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

Paterson's housing market shows steady underlying value growth. There are 19 homes for sale with 6 new listings as of September 2026. The median list price of $477,250 sits noticeably below the typical home value, suggesting room for negotiation. Homes are moving in about 41 days on average. For sellers, the small inventory and price stability indicate a balanced market with modest buyer pressure.

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Down payment20% · $107,491

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Common questions

What people ask us.

What is the typical home value in 07514?

The typical home value in Paterson, NJ 07514 is $537,455, up 3.0% over the past year as of September 2026.

How long do homes stay on the market in Paterson?

Homes in this area spend a median of 41 days on market as of September 2026.

How many homes are currently for sale in 07514?

There are 19 homes for sale with a median list price of $477,250 as of September 2026.

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Nearby ZIP markets.

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