Paterson, NJ 07505 housing market
Data through Sep 2026 · Balanced market · leverage 50
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Buyer Leverage Score
50
Sep 2026
Months of Supply
3.2 months
Aug 2026
Days on Market
153 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
96.6%
Aug 2026
Rental Rate
$1,634/mo
Aug 2026
Expected Disaster Loss
$149
Dec 2025
What this means
- Supply. There are 200% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is moderate (50/100; U.S.: 54): homes sell for about 3.4% below their final list price; 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $149 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Passaic County, NJ
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Passaic, NJ 07055 | $556.2K | +2.1% | 12 |
| Wayne, NJ 07470 | $748.5K | +7.2% | 2 |
| Clifton, NJ 07011 | $577.1K | +1.9% | 7 |
| Paterson, NJ 07501 | $478.2K | −0.5% | 13 |
| Clifton, NJ 07013 | $631.6K | +4.9% | 11 |
| Woodland Park, NJ 07424 | $638.4K | +4.4% | 8 |
| North Haledon, NJ 07508 | $642.2K | +5.9% | 7 |
| Paterson, NJ 07522 | $493K | +3.9% | 16 |
| Paterson, NJ 07514 | $535.1K | +3.1% | 24 |
| Hawthorne, NJ 07506 | $646.2K | +6.0% | 2 |
| Paterson, NJ 07503 | $562K | +7.8% | 25 |
| Paterson, NJ 07502 | $540.3K | +4.3% | 19 |
| West Milford, NJ 07480 | $498.8K | +3.5% | 17 |
| Clifton, NJ 07012 | $662.4K | +4.7% | 5 |
| Paterson, NJ 07524 | $533.7K | +3.2% | 32 |
| Paterson, NJ 07504 | $582.4K | +4.9% | 3 |
| Ringwood, NJ 07456 | $611K | +6.6% | 0 |
| Paterson, NJ 07513 | $587.3K | +5.7% | 3 |
| Pompton Lakes, NJ 07442 | $561.5K | +4.6% | 11 |
| Totowa, NJ 07512 | $664.5K | +5.7% | 20 |
| Bloomingdale, NJ 07403 | $561.2K | +5.6% | 6 |
| West Milford, NJ 07421 | $484.7K | +3.8% | 16 |
| Wanaque, NJ 07465 | $516.3K | +0.1% | 24 |
| Wanaque, NJ 07420 | $499K | +5.8% | 1 |
| Clifton, NJ 07014 | $575.4K | +1.2% | 1 |
| Newfoundland, NJ 07435 | $638.1K | +4.6% | 2 |