The Paramus housing market is somewhat competitive. The median sale price of a home in Paramus was $985K last month, up 9.4% since last year. The median sale price per square foot in Paramus is $426, up 0.5% since last year.
In March 2024, Paramus home prices were up 9.4% compared to last year, selling for a median price of $985K. On average, homes in Paramus sell after 44 days on the market compared to 114 days last year. There were 11 homes sold in March this year, down from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$985,000
+9.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Paramus, NJ
$985,000
+9.4%
United States
To compare other locations to the Paramus and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Paramus's median sale price is 134% higher than the national average. Overall cost of living in Paramus is 20% higher than the national average. Learn which home features in Paramus add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Paramus housing market?
Paramus is somewhat competitive. Homes sell in 69.5 days.
0
100
50
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 70 days.
Hot homes
can sell for about 8% above list price and go pending in around 40 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
104.8%
+1.1 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Paramus, NJ
104.8%
+1.1 pt
United States
Paramus Migration & Relocation Trends
In Jan '24 - Mar '24, 30% of Paramus homebuyers searched to move out of Paramus, while 70% looked to stay within the metropolitan area.
Where are people moving to Paramus from?
Across the nation, 3% of homebuyers searched to move into Paramus from outside metros.
Peoria homebuyers searched to move into Paramus more than any other metro followed by Springfield and Lincoln.
Where are people from Paramus moving to?
70% of Paramus homebuyers searched to stay within the Paramus metropolitan area.
Miami was the most popular destination among Paramus homebuyers followed by Philadelphia and Washington.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Paramus
Explore recent offers and recently sold homes in Paramus
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Somerville Elementary School
Public • K-5
420
Students
6 reviews
8/10
Ridge Ranch Elementary School
Public • K-4
346
Students
6 reviews
7/10
Stony Lane Elementary School
Public • K-4
176
Students
2 reviews
7/10
Memorial Elementary School
Public • PreK-4
311
Students
2 reviews
7/10
Midland School
Public • K-4
193
Students
N/A
Only showing 5 of
11 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Paramus housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Paramus.
Risk Factor
Flood Factor - Moderate
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Paramus has a moderate risk of flooding. 1,068 properties in Paramus are likely to be
severely affected
by flooding over the next 30 years. This represents 21% of all properties in Paramus. Flood risk is increasing slower than the national average.
21% of properties are at risk of wildfire over the next 30 years
Fire Factor
Paramus has a moderate risk of wildfire. There are 1,931 properties in Paramus that have some risk of being affected by wildfire over the next 30 years. This represents 21% of all properties in Paramus.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Paramus has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Paramus is most at risk from hurricanes. 8,990 properties in Paramus 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 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 93 mph.