Real Estate Market Update for Paterson, NJ
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 25% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 51%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 43% 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 Paterson, NJ
Area Information for Paterson, NJ
  • Population: 148,344
  • Median Age: 31.59 yr
  • Median Commute Time: 20.6 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 17,601/sq mi
  • Population Change Since 2000: -.59%
  • Closest Airport: Newark Liberty International
  • Closest College: William Paterson University-new Jersey
  • Closest Jr. College: Passaic County Community College
  • Median Household Income: $34,398
  • Annual Residential Turnover: 17.68%
  • Median Years in Residence: 2.38 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Paterson, NJ
Median Age: 31.59 Married: 20% Number of Households: 45,677 Households with Children: 20,770
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 Paterson, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Number 14 Elementary School 0.3 mi Public K-4 1 5
      Urban Leadership Academy 0.4 mi Public K-4 1 0
      St Gerard Majella School 0.4 mi Catholic PRESCHOOL-8 0 4
      Haledon Public School 0.4 mi Public PRESCHOOL-8 2 4
      Gilmore Memorial Christian Academy 0.5 mi Private PRESCHOOL-6 0 2
      Number 4 Elementary School 0.5 mi Public 1-8 1 0
      St. Mary School 0.6 mi Catholic PRESCHOOL-8 0 4
      Number 5 Elementary School 0.6 mi Public K-6 1 0
      Al-hikmah Elementary School 0.6 mi Private PRESCHOOL-6 0 5
      Brighter Bridge Learning Academy 0.6 mi Private - 0 0
      Number 12 Elementary School 0.6 mi Public 1-8 0 3
      Number 19 Elementary School 0.7 mi Public K-4 1 0
      Number 1, Prospect Park Elementary School 0.7 mi Public PRESCHOOL-8 1 3
      Number 28 Elementary School 0.7 mi Public K-4 0 0
      Harp Health& Related Prof Academy 0.8 mi Public 9-12 2-5 0
      Number 2 Elementary School 0.9 mi Public K-8 1 5
      Norman S. Weir Elementary School 0.9 mi Public K-8 4 4
      Manchester Reg High School 0.9 mi Public 9-12 1 2
      Harvest Christian Academy 0.9 mi Private PRESCHOOL-8 0 0
      Academy High School 0.9 mi Public 9-12 0 0
      School Of Architecture And Construction Trades 1.0 mi Public 9-12 0 0
      John F. Kennedy High School 1.0 mi Public 9-12 0 0
      International High School 1.0 mi Public 9-12 1 5
      Build Academy 1.0 mi Public 1-8 0 0
      Dawn Treader Christian School 1.0 mi Private K-8 0 4
      Alternative High School - Yes Academy 1.0 mi Public 9-12 0 0
      Panther 1.1 mi Public 9-12 1 0
      Number 27 Elementary School 1.1 mi Public K-7 1 4
      John P Holland Charter School 1.1 mi Public K-7 1 0
      Number 10 Elementary School 1.1 mi Public K-8 0 2
      Alexander Hamilton Academy 1.1 mi Public K-8 3 5
      Community Charter School Of Paterson 1.1 mi Public K-5 1 2
      Edward W. Kilpatrick Elementary School 1.2 mi Public K-5 0 2
      Dale Avenue Elementary School 1.2 mi Public PRESCHOOL-1 0 0
      Eastern Christian High School 1.2 mi Private 9-12 0 5
      Great Commission Christian Academy 1.2 mi Private PRESCHOOL-8 0 3
      Washington Elementary School 1.2 mi Public K-5 2 4
      Mary Help Of Christians Academy 1.2 mi Catholic 6-12 0 4
      Number 3 Elementary School 1.3 mi Public K-8 1 5
      Number 11 1.3 mi Public 4-8 1 0
      Number 7 Elementary School 1.4 mi Public 5-8 1 3
      High School Hospitality Tour & Culinary Arts 1.5 mi Public 9-12 0 0
      High School Of Info Tech 1.5 mi Public 9-12 0 0
      High School Govern & Public Admin 1.5 mi Public 9-12 0 0
      Number 29 Elementary School 1.5 mi Public K-4 1 4
      Number 15 Elementary School 1.5 mi Public K-5 0 3
      Blessed Sacrament School 1.5 mi Catholic K-8 0 4
      Roberto Clemente Elementary School 1.6 mi Public K-4 3-5 3
      Mount Saint Joseph Childrens Center 1.6 mi Catholic 1-9 0 0
      Number 21 Elementary School 1.6 mi Public K-8 1 2
      New Roberto Clemente 1.6 mi Public 6-8 1 4
      Dr Fh Lagarde Sr Academy 1.7 mi Private PRESCHOOL-8 0 4
      Number 13 Elementary School 1.7 mi Public K-8 0 0
      Number 8 Elementary School 1.8 mi Public K-8 0 1
      Number 18 Elementary School 1.8 mi Public PRESCHOOL-8 0 4
      High Mountain Middle School 1.9 mi Public 5-8 3-5 4
      Number 24 Elementary School 1.9 mi Public K-8 0 2
      Rosa Parks Arts High School 2.0 mi Public 9-12 1 4
      Memorial Middle School 2.1 mi Public K-2 0 3
      Number 1 Elementary School 2.1 mi Public PRESCHOOL-5 3 5
      Hawthorne High School 2.1 mi Public 9-12 2 3
      Number 26 Elementary School 2.1 mi Public K-8 1 3
      St Anthony School 2.2 mi Catholic PRESCHOOL-8 0 5
      Memorial Elementary School 2.2 mi Public PRESCHOOL-4 3 5
      Paterson Arts And Science Charter School 2.2 mi Public - 0 0
      Martin Luther King Elementary School 2.2 mi Public K-8 2 4
      Academy Of St Francis Of Assisi 2.2 mi Catholic PRESCHOOL-8 0 5
      St. Therese Elementary School 2.3 mi Catholic PRESCHOOL-8 0 4
      Lincoln Middle School 2.4 mi Public 6-8 3 2
      Washington Park Elementary School 2.5 mi Public 3-8 3 2
      Number 9 Elementary School 2.5 mi Public K-8 2 5
      Number 20 Elementary School 2.6 mi Public K-8 0 1
      Number 25 Elementary School 2.8 mi Public K-8 1 5
      Paterson Charter School For Science & Technology 2.8 mi Public K-12 1 4
      Roosevelt Elementary School 2.9 mi Public K-5 3 4
      Passaic Regional School 3.1 mi Public PRESCHOOL-12 0 0
      Thomas Jefferson Elementary School 3.1 mi Public PRESCHOOL-5 4 4
      Hawthorne Christian Academy 3.6 mi Private PRESCHOOL-12 0 5
      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 © 2015
      Local Weather for Paterson, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.