Explore Paterson
No properties matching your criteria were found. Try modifying your search and try again.
Why Live in Paterson
The 77-foot Great Falls of Paterson stands as one of the largest waterfalls by volume east of the Mississippi River, powering America's first planned industrial city. History buffs can explore the Paterson Museum's exhibits on the silk industry and locomotives, while outdoor adventurers will find hiking trails and NYC skyline views at Garret Mountain Reservation. The dining scene reflects the city's cultural diversity, from authentic Italian cuisine at Amore Ristorante to Middle Eastern specialties at Al-Basha Restaurant and Peruvian dishes at Lena y Carbon Restaurant & Lounge.
Single-family homes comprise the primary housing stock across Paterson's diverse neighborhoods. South Paterson commands the highest median single-family home price at $539,000, while Hillcrest follows at $510,000. The Eastside area presents a median single-family price of $465,000, and Downtown Paterson provides more affordable options with a median of $220,000. Condominiums start at a median price of $197,500 for one bedroom units and $345,000 for two bedrooms. Townhomes in Paterson have a median price of $400,000.
Property taxes in Passaic County maintain a 2.28% effective rate, higher than neighboring Bergen County's 1.69%. The New Jersey state sales tax rate sits at 6.625%. Commuters benefit from two NJ Transit train stations, Paterson and Broadway, providing access to Newark, Hoboken, and New York City, which lies 20 miles southeast. The education system includes Pioneer Academy, a highly rated private school serving the Totowa Section and Hillcrest neighborhoods with an A+ rating from Niche. Public School No. 28 earned a B+ rating and serves multiple neighborhoods including Northside and Eastside.
Home Prices in Paterson, NJ
The median home sale price in Paterson, NJ is $450,000, up 11% year-over-year. Homes in Paterson sell in 52 days on average, compared to the national average of 58 days.
Home Price Trends
|
Median Sale Price
$450,000
|
Median Single Family Sale Price
$490,000
|
|
Median Townhouse Sale Price
$402,500
|
Median 2 Bedroom Sale Price
$375,000
|
|
Median 1 Bedroom Sale Price
$221,500
|
Average Price Per Sq Ft
$333
|
|
Number of Homes for Sale
87
|
Last 12 months Home Sales
296
|
|
Months of Supply
3.50
|
Median List Price
$449,000
|
|
Median Change From 1st List Price
0%
|
Median Home Sale Price YoY Change
11%
|
Popular Home Searches in Paterson, NJ
In Paterson, many homebuyers look for character-filled homes and flexible layouts near parks and local amenities.
- Love older architectural details? Browse historic homes or Victorian homes around Eastside Park or Hillcrest.
- Want lower upkeep? Explore compact condos or efficient townhomes near downtown.
- Need more space for family? Look into multi-family homes or spacious duplexes.
- Enjoy outdoor time? Find homes with a yard or deck for relaxing or entertaining.
- Looking to renovate? Consider fixer-uppers with great bones in established neighborhoods.