Paterson, NJ
Housing market overview · Updated weekly
$640,000median sale price
Homes sold
35
Last 12 weeks
Days on market
82
Average pace
Active listings
196
5.6 months supply
Sale-to-list
102.7%
Above asking
The Paterson housing market is currently classified as a leaning buyer's with a median sale price of $640,000. Prices have risen 39.1% compared to last year, with homes spending an average of 82 days on market, indicating 5.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Paterson?
The median home sale price in Paterson is $640,000, up 39.1% from last year.
How long do homes stay on market in Paterson?
Homes typically spend 82 days on market before going under contract.
Is Paterson a buyer's or seller's market?
With 5.6 months of supply, Paterson is currently a leaning buyer's.
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