Real Estate Market Update for 07652 (Paramus, NJ)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 14% from one year earlier, and down 4% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 48%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 480-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 17% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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Map Information for 07652 (Paramus, NJ)
Area Information for 07652 (Paramus, NJ)
  • Population: 26,686
  • Median Age: 47.59 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 2,548/sq mi
  • Population Change Since 2000: 3.69%
  • Closest Airport: Laguardia
  • Closest College: Fairleigh Dickinson University
  • Closest Jr. College: Bergen Community College
  • Median Household Income: $98,632
  • Annual Residential Turnover: 4%
  • Median Home Sales Price: $565,000
  • Closest Major Sports Team: New York Giants
  • Change Avg. Household Income Since 2000: 43.31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07652 (Paramus, NJ)
Median Age: 47.59 Married: 50% Number of Households: 8,750 Households with Children: 2,919
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 School Rating Parent Rating
      New Alliance Academy 0.3 mi Private 10-12 0 0
      Ridge Ranch Elementary School 0.4 mi Public K-4 5 0
      David Gregory School 0.6 mi Private - 0 0
      Educational Partnership For Instructing Children 0.8 mi Private UNGRADE-UNGRADE 0 0
      Memorial Elementary School 0.8 mi Public K-4 4 0
      Visitation Academy 0.9 mi Catholic PRESCHOOL-8 0 0
      Turrell Child Development Center 0.9 mi Private PRESCHOOL-K 0 0
      The Frisch School 0.9 mi Private 9-12 0 4
      Yeshivat Noam School 1.0 mi Private K-5 0 0
      Absorbent Mind Montessori Academy 1.0 mi Private PRESCHOOL-K 0 0
      Prog 5 life Skills 1.1 mi Public PRESCHOOL-12 0 0
      Prog 3 emotionally Distur 1.1 mi Public PRESCHOOL-12 0 0
      Prog 2 multiply Handicapd 1.1 mi Public PRESCHOOL-12 0 0
      Yavneh Academy 1.1 mi Private PRESCHOOL-8 0 0
      N A Bleshman Reg Day Para 1.1 mi Public PRESCHOOL-12 0 0
      Ridgewood Montessori School 1.1 mi Private PRESCHOOL-4 0 0
      Prog 6 autistic 1.1 mi Public PRESCHOOL-12 0 0
      Bergen County Technical High School - Paramus Sp Need 1.2 mi Public 9-12 0 0
      Bergen County Technical High School - Paramus 1.2 mi Public 9-12 0 5
      Palisades Regional Academy 1.3 mi Private 8-12 0 0
      West Brook Middle School 1.3 mi Public 5-8 5 0
      East Brook Middle School 1.3 mi Public 5-8 4 0
      Paramus High School 1.3 mi Public 9-12 4 0
      Paramus Catholic High School 1.3 mi Catholic 9-12 0 3
      Bergen Regional School 1.4 mi Public 1-12 0 0
      Stony Lane Elementary School 1.4 mi Public K-4 5 0
      Parkway Elementary School 1.4 mi Public K-4 4 0
      Midland School 1.4 mi Public K-4 3 0
      The Growing Garden Nursery School 1.7 mi Private PRESCHOOL-K 0 0
      Childrens Country Day School 2.0 mi Private PRESCHOOL-K 0 0
      Bat Torah Yeshiva High School 2.2 mi Private 9-12 0 0
      Ben Porat Yosef 2.2 mi Private PRESCHOOL-8 0 0
      Alpine Learning Group 2.5 mi Private UNGRADE-UNGRADE 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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07652 (Paramus, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.