Market Intelligence · NJ / Paterson

Paterson, NJ 07524 Housing Market

As of 2026-08-01, in Paterson's 07524, the typical home value is $533,650, up 3.2% over the past year. The median list price is $340,000, and homes spend a median of 59 days on the market.

Updated August 2026Median value$534K

The median home value in Paterson, NJ 07524 is $534K as of August 2026, up 3.2% 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 07524 range

$491K to $576K

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

+3.2% over 12 months

Typical home value in 07524 over the last 12 months: $517K in Aug 2025 to $534K in Aug 2026 (+3.2%).

Aug 2025$517K

Aug 2026$534K

The numbers

What is the 07524 housing market like?

Typical home value

$534K

Up3.2%YoY

Median list price

$340K

Down2.5%MoM

Days on market

59

Up126.9%MoM

Homes for sale

5

Down16.7%MoM

Price cuts

0.0%

Down100.0%MoM

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 07524 home prices compare?

  • 07524$533,650
  • 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 07524 had 5 homes for sale as of 2026-08-01, with 0 new listings, so the visible supply is very small. The median list price is $340,000, while the typical home value is $533,650, up 3.2% over the past year. Homes are taking a median of 59 days to sell, and 0.0% of listings show a price cut. That points to sellers holding firm rather than chasing the market down. For an owner thinking about selling, the honest read is that limited competition can help, but buyers still have time to be picky.

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20% · $106,730

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