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Hillcrest Totowa

PATERSON, NJ 07502

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07502

Hillcrest · Totowa

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PATERSON, NJ real estate market (07502) currently shows 13 active listings, with 3 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 35 days last year.

The median listing price has risen 15.2% year-over-year, from $490,500 to $565,000.

Whether you are buying or selling in PATERSON, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,328  ·  Density: 7,786.7/mi²  ·  Median household income: $72,036

Typical home value: $329,567  ·  Homeownership: 55.4%

Market Overview

Active Listings
13
⇧ 18.2% vs 11 last year
Pending
3
23% pending ratio
Median Price
$565,000
⇧ 15.2% vs $490,500 last year
Average Price
$581,981
⇧ 33.3% vs $436,707 last year
Days on Market
57
⇧ 62.9% vs 35 days last year

Price Per Square Foot

Median $/sqft
$152
⇩ 56.2% vs $347/sqft last year
Median Home Size
2,500 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 11 last year
  • Days on market: 57 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $565,000 (+15.2% YoY)
  • Average: $581,981 (+33.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.5 miles — 232 listings ($182,136,400 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07502Paterson, NJ 075020.0 mi12$7,220,400$550,000$601,700
07505Paterson, NJ 075051.2 mi1$285,000$285,000$285,000
07512Totowa, NJ 075121.7 mi22$24,190,738$836,950$1,099,579
07508Haledon, NJ 075082.5 mi25$18,534,525$649,444$741,381
07513Paterson, NJ 075132.6 mi1$449,900$449,900$449,900
07514Paterson, NJ 075142.7 mi15$7,554,900$455,000$503,660
07506Hawthorne, NJ 075063.3 mi21$14,411,544$634,999$686,264
07013Clifton, NJ 070133.6 mi45$29,457,945$594,000$654,621
07407Elmwood Park, NJ 074074.0 mi21$13,423,452$590,000$639,212
07452Glen Rock, NJ 074524.6 mi14$21,057,148$1,499,000$1,504,082
07043Montclair, NJ 070435.2 mi10$22,390,000$1,100,000$2,239,000
07663Saddle Brook, NJ 076635.3 mi14$8,024,044$575,000$573,146
07055Passaic, NJ 070555.5 mi31$15,136,804$370,000$488,284

Frequently Asked Questions

How many homes are for sale in PATERSON, NJ 07502?

As of February 2026, there are 13 active listings in PATERSON, NJ (zip code 07502), compared to 11 the prior year.

What is the median home price in PATERSON, NJ 07502?

The median listing price in PATERSON, NJ 07502 is $565,000 as of February 2026, a 15.2% increase from $490,500 the prior year.

How long do homes stay on the market in PATERSON, NJ?

Homes in PATERSON, NJ 07502 spend an average of 57 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in PATERSON, NJ 07502?

Based on current inventory and days-on-market data as of February 2026, PATERSON, NJ 07502 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 35 days last year.

How much can I save on real estate commission in PATERSON, NJ?

With SELL123.com's maximum 3% commission, sellers in PATERSON, NJ 07502 save an estimated $11,300 compared to a typical 5% commission on the median listing price of $565,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.