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Eastside Manor Riverside Riverside Terrace Wrigley Park

PATERSON, NJ 07514

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

Neighborhoods in ZIP 07514

Eastside · Manor · Riverside · Riverside Terrace · Wrigley Park

Market Analysis

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

The PATERSON, NJ real estate market (07514) currently shows 15 active listings, with 3 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 103 days on market compared to 64 days last year.

The median listing price has fallen 1.7% year-over-year, from $461,222 to $453,500.

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: 18,461  ·  Density: 7,684.3/mi²  ·  Median household income: $56,686

Typical home value: $259,299  ·  Homeownership: 31.0%

Market Overview

Active Listings
15
⇧ 25% vs 12 last year
Pending
3
20% pending ratio
Median Price
$453,500
⇩ 1.7% vs $461,222 last year
Average Price
$509,624
⇧ 16.8% vs $436,383 last year
Days on Market
103
⇧ 60.9% vs 64 days last year

Price Per Square Foot

Median $/sqft
$220
Median Home Size
1,537 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 12 last year
  • Days on market: 103 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $453,500 (-1.7% YoY)
  • Average: $509,624 (+16.8% 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 4.7 miles — 234 listings ($205,707,825 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07514Paterson, NJ 075140.0 mi15$7,554,900$455,000$503,660
07504Paterson, NJ 075041.0 mi11$5,836,600$524,500$530,600
07410Fair Lawn, NJ 074101.6 mi30$23,205,090$750,000$773,503
07501Paterson, NJ 075011.7 mi18$6,866,586$395,000$381,477
07407Elmwood Park, NJ 074071.9 mi21$13,423,452$590,000$639,212
07506Hawthorne, NJ 075062.3 mi21$14,411,544$634,999$686,264
07502Paterson, NJ 075022.7 mi12$7,220,400$550,000$601,700
07663Saddle Brook, NJ 076633.0 mi14$8,024,044$575,000$573,146
07662Rochelle Park, NJ 076623.7 mi6$3,951,600$679,000$658,600
07652Paramus, NJ 076524.1 mi31$52,084,030$1,550,000$1,680,130
07450Ridgewood, NJ 074504.2 mi13$37,173,929$1,922,000$2,859,533
07424Little Falls, NJ 074244.3 mi31$19,223,100$650,000$620,100
07644Lodi, NJ 076444.7 mi11$6,732,550$612,500$612,050

Frequently Asked Questions

How many homes are for sale in PATERSON, NJ 07514?

As of February 2026, there are 15 active listings in PATERSON, NJ (zip code 07514), compared to 12 the prior year.

What is the median home price in PATERSON, NJ 07514?

The median listing price in PATERSON, NJ 07514 is $453,500 as of February 2026, a 1.7% decrease from $461,222 the prior year.

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

Homes in PATERSON, NJ 07514 spend an average of 103 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in PATERSON, NJ 07514?

Based on current inventory and days-on-market data as of February 2026, PATERSON, NJ 07514 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 103 days on market compared to 64 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 07514 save an estimated $9,070 compared to a typical 5% commission on the median listing price of $453,500. 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.