Market Intelligence · NJ / Paterson

Paterson, NJ 07524 Housing Market

The typical home value in Paterson, NJ 07524 is $537,771, up 3.8% over the past year. The median list price stands at $340,000, with homes spending a median of 91 days on market.

Updated September 2026Median value$538K

The median home value in Paterson, NJ 07524 is $538K as of September 2026, up 3.8% 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 07524 range

$495K to $581K

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

+3.8% over 12 months

Sep 2025$518K

Low $518KHigh $538K

Sep 2026$538K

The numbers

What is the 07524 housing market like?

As of September 2026

Typical home value

$538K

3.8%YoY

Median list price

$340K

0.0%MoM

Days on market

54.2%MoM

Homes for sale

0.0%MoM

Price cuts

0.0%

New listings

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

The outlook

07524 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07524 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 07524 rose 3.8%, per the Zillow Home Value Index.

Will home prices drop in 07524?

Zillow's forecast does not call for a drop: it expects typical home values in 07524 to rise 2.6% by September 2027, after a 3.8% 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 07524 home prices compare?

07524$537,771
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 07524 ZIP is showing modest appreciation despite a tight inventory of just 5 homes for sale. At a median of 91 days on market, properties are taking time to move, which typically puts downward pressure on negotiations. The median list price of $340,000 sits notably below the typical home value, suggesting some listings may be underpriced or in need of work. With no price cuts recorded, sellers have held their asking prices despite the slow pace. For someone considering a sale, the combination of strong year-over-year appreciation and flat pricing suggests you have modest equity gains, but patience will likely be required to find a buyer.

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Home price

Down payment20% · $107,554

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Common questions

What people ask us.

What is the typical home value in Paterson 07524?

The typical home value is $537,771, which has grown 3.8% over the past year.

How long do homes typically stay on the market in 07524?

The median days on market is 91, indicating a slower sales pace.

What is the median list price in this ZIP?

The median list price is $340,000 as of September 2026.

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