Photo: Quintin Soloviev · CC BY 4.0582 homes sold in Paterson in the last year, at a typical $562K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Paterson homes are listed.
Every place Paterson homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Paterson.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
4% of Paterson’s sales are condos, at $93K less than a house
195 houses and 25 condos sold in the year to May 2026. Houses sell faster.
typical sale · 195 sold in 12 months
- Per square foot
- $315NJ $331
- Days to sell
- 69
- Sold over asking
- 57%
- Listings with a price cut
- 9%
typical sale · 25 sold in 12 months
- Per square foot
- $296NJ $450
- Days to sell
- 77
- Sold over asking
- 56%
- Listings with a price cut
- 17%
Multi-family (2–4 units): 362 sold, typical $666K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 3.4 times the 2016 price
582 sales in the last year, against 1,213 in 2017 and a low of 574 in 2023. The typical sale went from $167K in 2016 to $562K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Paterson
Check a listing against what Paterson homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Paterson are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Paterson’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 582 sales.
If you’re buying in Paterson
- Shop in March. It brings about 106 new listings a month, close to the busiest month, with fewer bidding wars (37% over asking).
- Some room to negotiate. 9% of listings cut their price, about as many as before the pandemic.
- Expect to bid over asking. Buyers paid 102.4% of the list price on average; 57% paid over.
- You’ll usually have time. Only 19% of homes go under contract within two weeks; the typical one takes 69 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 110 a month), and the most competition: 46% close over asking. February and March offer nearly as much choice with fewer homes bid up (38%). March has the least competition (37%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Paterson now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 57% | 33% | 51% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 19% | 6% | 7% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 9% | 11% | 6% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 102.4% | 99.5% | 101.5% | 101.2% |
| Days to sellMedian days from listing to contract | 69 | 102 | 98 | 45 |
247 homes for sale on a typical day
That’s 1.2 times the 2024 low (209), 51% fewer than in 2017–19 and well under 2016’s 691.
1 in 12 listings has cut its price
9% in the last year, against 11% in 2017–19 and 17% across New Jersey.
Since 2019, houses are up 69%, condos 73%
A house typically sold for $434K in the last year (195 sales), a condo for $342K (25).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Paterson ranks 113th of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Paterson is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 65.
Best time to buySchools
The schools grade for Paterson, from test results, graduation and how much students grow.
Schools in PatersonTypical commute
The average one-way trip to work for people who live in Paterson.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Elmwood Park, Woodland Park, Fair Lawn and Hawthorne for far more
The busier markets within 25 miles of Paterson, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Paterson | 582 | $562K | $291 | 57% | 69 |
| Fair Lawn | 247 | $710K | $447 | 64% | 65 |
| Hawthorne | 154 | $634K | $378 | 79% | 57 |
| Elmwood Park | 118 | $640K | $385 | 68% | 72 |
| Woodland Park | 104 | $665K | $392 | 69% | 53 |
| Prospect Park | 53 | $539K | $291 | 68% | 51 |
| Haledon | 53 | $599K | $360 | 77% | 60 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Paterson, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Paterson. People who follow the town see it, and so do people comparing Paterson with their own town. No commission, no listing fee.
Questions about buying a home in Paterson
What do homes sell for in Paterson, NJ?
582 homes sold in the year to May 2026 at a typical $562K, $291 a square foot. Houses sold for about $434K, condos for about $342K.
Is Paterson a buyer’s or seller’s market?
A balanced market: 245 homes were for sale in May 2026 and 44 sold, about 5.6 months of supply. Buyers paid 102.4% of asking on average, and 9% of listings cut their price.
When is the best time to buy in Paterson?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Paterson?
Zillow, Redfin, Realtor.com and Homes.com all carry Paterson’s MLS listings; the search links above open each one filtered to Paterson.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).