Why Live in Paramus
Paramus, NJ, located about 20 miles from New York City, is renowned as a major retail hub with four significant shopping malls, including Fashion Center, Paramus Park, Westfield Garden State Plaza, and Bergen Town Center. These malls contribute to over $5 billion in annual sales, making Paramus a shopping destination. The area is also known for its blue laws, which restrict the sale of non-essential items on Sundays, providing a quieter day for residents. Van Saun County Park on the east side of Paramus offers attractions such as the Bergen County Zoo, playgrounds, walking trails, and a dog park. For golf enthusiasts, there are both public courses like Paramus Golf Course and private clubs such as The Ridgewood Country Club. The city’s residential areas feature a mix of home styles, from ranches and Cape Cods to Colonial Revivals and modern estates, with relatively low property taxes. Education is a strong point, with highly rated institutions like Paramus Public Schools, The Frisch School, and Paramus Catholic High School. Commuting to New York City is facilitated by major routes like the Garden State Parkway and Route 17, although there is no direct train service within Paramus.
Home Trends in Paramus, NJ
On average, homes in Paramus, NJ sell after 72 days on the market compared to the national average of 70 days. The median sale price for homes in Paramus, NJ over the last 12 months is $1,260,000, up 270% from the median home sale price over the previous 12 months.
Median Sale Price
$1,260,000
Median Single Family Sale Price
$2,160,000
Median Townhouse Sale Price
$1,260,000
Median 2 Bedroom Sale Price
$374,000
Median 1 Bedroom Sale Price
$285,000
Number of Homes for Sale
0
Last 12 months Home Sales
10
Median List Price
$1,300,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
270%
