The Downtown Paterson housing market is very competitive. The median sale price of a home in Downtown Paterson was $600K last month, up 172.7% since last year.
What is the housing market like in Downtown Paterson today?
In October 2025, Downtown Paterson home prices were up 172.7% compared to last year, selling for a median price of $600K.
$600K
Sale Price
+172.7% since last year
$319
Sale $/Sq. Ft.
Under List Price
2.6%
Days on Market
11
Down Payment
—
Total Homes Sold
1
To compare other locations to the Downtown 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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Work with the best agents in Downtown Paterson
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How hot is the Downtown Paterson housing market?
Downtown Paterson is very competitive. Homes sell in 11 days.
0
100
70
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 3% below list price and go pending in around 11 days.
Hot homes
can sell for around list price and go pending in around 9 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 Downtown Paterson housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Paterson.
Flood Factor - Severe
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Paterson has a severe risk of flooding. 406 properties in Downtown Paterson are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Downtown 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
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. 1,441 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.
77% 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 77% 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