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Cheap Homes for Sale in Paterson, NJ

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Paterson, NJ Housing Market Overview

Paterson is a buyer's market right now. Homes are sitting on the market for 101 days on average. With 8.1 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

Status

Buyer's Market

Days on Market

101

Inventory

228

Sep 2021Mar 2024Mar 2026

Median Home Price

$562,500Down 0.01%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
228 Up 0.22%
Newly Listed Homes
82 Up 0.03%
Months of Supply
8.1 Up 3.20%

Housing Demand

Homes Sold
28 Down 0.00%
Sale-to-List Ratio
100.8% Down 3.20%
Homes Sold Above List
57.1% Down 19.17%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-img

    Based on information from the Monmouth Ocean Regional REALTORS® Multiple Listing Service through Oct 9, 2026, 10:30 AM. Information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. ©202 Monmouth Ocean Regional REALTORS®. All Rights Reserved.

  • mls-img
    These properties were listed and sold by various Participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc through Oct 9, 2026, 10:30 AM. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Your Town Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    All information deemed reliable but not guaranteed accurate by the MLS. Last date updated: Oct 9, 2026, 10:30 AM.

    Source: New Jersey Multiple Listing Service, Inc.

    © 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.
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Paterson, NJ Housing Marketlink qauare
Homes Available icon

25

Homes Available

Median List Price icon

$ 562,500

Median List Price

Avg on Market icon

101 Days

Avg on Market

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