The median sale price of a home in Downtown Paterson was $435K last month, up 28.9% since last year. The median sale price per square foot in Downtown Paterson is $174, up 234.6% since last year.
What is the housing market like in Downtown Paterson today?
In April 2024, Downtown Paterson home prices were up 28.9% compared to last year, selling for a median price of $435K.
$450K
Sale Price
+500.0% since last year
$174
Sale $/Sq. Ft.
+234.6% since last year
Under List Price
9.8%
Days on Market
73
Down Payment
—
Total Homes Sold
1
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Home offer insights for Downtown Paterson
Explore recent offers and recently sold homes in Downtown Paterson
Recent offers
View houses in Downtown Paterson that sold recently
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Climate's impact on Downtown Paterson housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Paterson.
Risk Factor
Flood Factor - Severe
51% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Paterson has a severe risk of flooding. 519 properties in Downtown Paterson are likely to be
severely affected
by flooding over the next 30 years. This represents 51% of all properties in Downtown Paterson. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Paterson has a minor risk of wildfire. There are 3 properties in Downtown Paterson that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Paterson.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Paterson has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Paterson is most at risk from hurricanes. 1,449 properties in Downtown Paterson have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 77 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 84 mph.
76% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Paterson has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 76% of homes in Downtown Paterson have a Severe Heat Factor®.
Downtown Paterson is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Downtown Paterson is expected to experience 6