Real Estate Market Update for Paterson, 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 26% from one year earlier, and down 3% 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 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 160-thousand dollars. The number of units sold decreased 12% year-over-year, and decreased 46% 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.
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 K-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 Professions 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 Regional High School 0.9 mi Public 9-12 1 2
      Harvest Christian Academy 0.9 mi Private PRESCHOOL-8 0 0
      Paterson Academy High School 0.9 mi Public 9-12 0 0
      John F. Kennedy High School 1.0 mi Public 9-12 0 0
      Alternative 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
      Panther Academy 1.1 mi Public 9-12 1 0
      Number 27 Elementary School 1.1 mi Public K-7 1 3
      John P Holland Charter School 1.1 mi Public - 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 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 0 0
      Number 7 Elementary School 1.4 mi Public 5-8 1 3
      Hs Hospitality, Tourism & Culinary Arts 1.5 mi Public 9-12 0 0
      High School Of Information Technology 1.5 mi Public 9-12 0 0
      Eastside High School 1.5 mi Public 9-12 0 0
      Hs Government & Public Administration 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 PRESCHOOL-8 0 4
      Blessed Sacrament School 1.5 mi Catholic K-8 0 4
      Roberto Clemente Elementary School 1.6 mi Public K-4 3-5 0
      Mount St. Joseph Childrens C 1.6 mi Private 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 0
      Dr Fh Lagarde Senior 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
      Martin Luther King Elementary School 2.2 mi Public K-8 2 4
      The 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 2-12 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
      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 Paterson, 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.