Paramus, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 264 transactions over the past year in Paramus. The median value for residential home transactions that occurred over the previous year is $858,525. The number of current listings in Paramus is 18, and the percentage of properties for sale in the city is 18.00%. Paramus, NJ currently has 49 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 18 properties for sale.
Paramus, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07652 | $ 797,900 $ 451/sqft |
Housing Market Summary for Paramus, NJ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.5M | $834.2K | -44.39% |
Median Sold Price | $701K | $834.2K | 19.00% |
Homes For Sale | 13 | 16 | 23.08% |
Homes Sold | 169 | 144 | -14.79% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Paramus, NJ
Browse Homes in Paramus, NJ
Paramus home values range from $286,500 to $1,881,000. The median estimated value of a home in Paramus is $858,525. The median list price of a home is 1,442,500, and the total count of properties in the city is 8,092.
- Pre-ForeclosurePre-foreclosure homes account for 0.57% of all residential properties in Paramus, NJ with 07652 containing 46 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Paramus, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,719,000 in 07652 to the lowest home value of $594,700 in 07652.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Paramus, NJ ranges from the highest value of $950,900 in 07652 to the lowest value of $950,900 in 07652. Bank owned homes and properties account for 0.01% of properties in Paramus, NJ. There is 1 zips within Paramus, NJ; 07652 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07652 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Paramus, NJ. Auction homes and other auction properties account for 0.02% of all properties in Paramus, NJ. There is 1 zips within Paramus, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,869,000 in 07652 to the lowest value of $974,000 in 07652.
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Guide for Paramus, NJ
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