Real Estate Market Update for 07652 (Paramus, NJ)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 21% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 700-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 2%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 580-thousand dollars. The number of units sold increased more than 125% year-over-year, and increased 75% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 07652 (Paramus, NJ)
Area Information for 07652 (Paramus, NJ)
  • Population: 26,731
  • Median Age: 45.71 yr
  • Median Commute Time: 21.28 mins
  • Educational Climate*: 5
  • Sales Tax: 6.909%
  • Population Density: 2,553/sq mi
  • Population Change Since 2000: 3.54%
  • Closest Airport: La Guardia
  • Closest College: Fairleigh Dickinson University
  • Closest Jr. College: Bergen Community College
  • Median Household Income: $110,674
  • Annual Residential Turnover: 8.78%
  • Median Years in Residence: 6.17 yr
  • Median Home Sales Price: $491,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 43%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07652 (Paramus, NJ)
Median Age: 45.71 Married: 42% Number of Households: 8,735 Households with Children: 3,222
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07652 (Paramus, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      New Alliance Academy 0.3 mi Private - 0 0
      Ridge Ranch Elementary School 0.4 mi Public PRESCHOOL-4 4 5
      David Gregory School 0.6 mi Private - 0 4
      Memorial Elementary School 0.7 mi Public K-4 4 0
      Educational Partnership For Instructing Children 0.8 mi Private PRESCHOOL-PRESCHOOL 0 5
      Visitation Academy 0.9 mi Catholic PRESCHOOL-8 0 4
      Frisch Yeshiva High School 0.9 mi Private 9-12 0 0
      Absorbent Mind Montessori Academy 0.9 mi Private - 0 0
      Yeshivat Noam School 1.0 mi Private PRESCHOOL-8 0 0
      Program 5-life Skills 1.1 mi Public 3-12 0 0
      Program 3-emotionally Distur. 1.1 mi Public PRESCHOOL-12 0 0
      Program 2-multiply Handicapped 1.1 mi Public 2-12 0 0
      Yavneh Academy 1.1 mi Private PRESCHOOL-8 0 0
      N. A. Bleshman Regional Day School/paramus 1.1 mi Public PRESCHOOL-12 0 5
      Ridgewood Montessori School 1.1 mi Private PRESCHOOL-4 0 0
      Program 6-autistic 1.1 mi Public PRESCHOOL-12 0 0
      Voc Paramus Sp Need 1.2 mi Public 9-12 0 0
      Technical Sch Paramus 1.2 mi Public 9-12 0 0
      Palisades Learning Center 1.3 mi Private 8-12 0 3
      West Brook Middle School 1.3 mi Public 5-8 4 4
      East Brook Middle School 1.3 mi Public 5-8 4 4
      Paramus High School 1.3 mi Public 9-12 3-5 3
      Paramus Catholic High School 1.3 mi Catholic 9-12 0 4
      Parkway Elementary School 1.4 mi Public PRESCHOOL-4 4 0
      Bergen Regional School 1.4 mi Public 2-12 0 0
      Midland Elementary School 1.5 mi Public K-4 4 5
      The Growing Garden Nursery School 1.7 mi Private PRESCHOOL-1 0 0
      Childrens Country Day School 2.0 mi Private PRESCHOOL-K 0 0
      Buratino Llc 2.1 mi Private PRESCHOOL-K 0 0
      Ben Porat Yosef 2.2 mi Private PRESCHOOL-8 0 5
      Bat Torah Yeshiva High School 2.2 mi Private 9-12 0 0
      Alisa M Flatow Yeshiva High School 2.2 mi Private 9-12 0 0
      Alpine Learning Group 2.5 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 07652 (Paramus, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.