Paterson, NJ housing market
The typical Paterson home is worth about $537,000, up 4.8% in a year, 8% below the New Jersey typical home. Homes typically sell in 55 days, a little above asking.
Home values, sales, trends and how Paterson compares with the towns next door — updated as new data is published.
Paterson at a glance
A balanced market
About 5.6 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Paterson | New Jersey |
|---|---|---|
| 2017 | $222,000 | $317,000 |
| 2018 | $241,000 | $330,000 |
| 2019 | $267,000 | $343,000 |
| 2020 | $312,000 | $358,000 |
| 2021 | $356,000 | $394,000 |
| 2022 | $402,000 | $441,000 |
| 2023 | $431,000 | $471,000 |
| 2024 | $460,000 | $511,000 |
| 2025 | $502,000 | $551,000 |
| 2026 | $524,000 | $568,000 |
| August 2026 | $537,000 | $580,000 |
Paterson and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Paterson | $537K | +4.8% | 55 | $55,997 |
| Fair Lawn | $729K | +7.3% | 63 | $144,574 |
| Elmwood Park | $622K | +3.8% | 67 | $101,740 |
| Prospect Park | $545K | +3.8% | — | $53,125 |
| Hawthorne | $647K | +6% | 24 | $110,237 |
| Haledon | $567K | +4.7% | 47 | $95,870 |
| Woodland Park | $651K | +4.6% | 38 | $98,845 |
9.6 years of income
The typical Paterson home costs about 9.6 years of the town's median household income, more than across New Jersey (5.6 years).
How Paterson ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.