The South Paterson housing market is very competitive. The median sale price of a home in South Paterson was $490K last month, up 24.1% since last year. The median sale price per square foot in South Paterson is $181, down 36.8% since last year.
What is the housing market like in South Paterson today?
In March 2024, South Paterson home prices were up 24.1% compared to last year, selling for a median price of $490K. On average, homes in South Paterson sell after 53 days on the market compared to 116 days last year. There were 11 homes sold in March this year, down from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$490,000
+24.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Paterson, NJ
$490,000
+24.1%
United States
To compare other locations to the South Paterson and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Paterson add value to a home.
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How hot is the South Paterson housing market?
South Paterson is very competitive. Homes sell in 45.5 days.
0
100
72
Very 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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 46 days.
Hot homes
can sell for about 8% above list price and go pending in around 16 days.
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 South Paterson housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Paterson.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Paterson has a moderate risk of flooding. 190 properties in South Paterson are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in South Paterson. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
South Paterson has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Paterson is most at risk from hurricanes. 2,717 properties in South 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.