All Home Types
Paterson, NJ Housing Market
What is the housing market like in Paterson today?
In February 2025, Paterson home prices were up 6.4% compared to last year, selling for a median price of $500K. On average, homes in Paterson sell after 48 days on the market compared to 72 days last year. There were 37 homes sold in February this year, down from 49 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$500,000
+6.4% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Paterson, NJ
$500,000
+6.4%
United States
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Paterson Migration & Relocation Trends
In Dec '24 - Feb '25, 30% of Paterson homebuyers searched to move out of Paterson, while 70% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Paterson from outside metros.
- San Francisco homebuyers searched to move into Paterson more than any other metro followed by Seattle and Los Angeles.
Where are people moving to Paterson from?
- 70% of Paterson homebuyers searched to stay within the Paterson metropolitan area.
- Miami was the most popular destination among Paterson homebuyers followed by Philadelphia and Boston.
Where are people from Paterson moving to?
Number of People Moving to Paterson
least
most
People are moving to Paterson from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 198 | ||
| 2 | 74 | ||
| 3 | 64 | ||
| 4 | 18 | ||
| 5 | 11 | ||
| 6 | 5 | ||
| 7 | 4 | ||
| 8 | 3 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Paterson for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 5,524 | ||
| 2 | 4,297 | ||
| 3 | 3,510 | ||
| 4 | 2,469 | ||
| 5 | 1,894 | ||
| 6 | 1,883 | ||
| 7 | 1,663 | ||
| 8 | 1,471 | ||
| 9 | 1,351 | ||
| 10 | 1,214 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Paterson.
Provided by First Street Foundation
Transportation in Paterson
Learn about the walkability, bikeability, and transit-friendliness of Paterson
Very Walkable
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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