Passaic County, NJ Home Values & Market Trends

The median home price in Passaic County, NJ is $518,458.13. There were 4,242 home sales in Passaic County, NJ over the past 12 months. The median residential Passaic County, NJ home value for transactions over the previous year is $467,076.04. The number of current listings in Passaic County, NJ is 237, and the percentage of properties for sale is 237.00%. The county has 1,216 foreclosures, 9 bank owned properties, 91 headed for auction, and 237 properties for sale.

Passaic County, NJ Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Wayne

$ 609,100

$ 311/sqft

Hawthorne

$ 556,600

$ 309/sqft

Clifton

$ 546,000

$ 349/sqft

Passaic

$ 529,250

$ 284/sqft

Paterson

$ 412,900

$ 255/sqft

Totowa

$ 685,900

$ 309/sqft

Hewitt

$ 365,800

$ 264/sqft

Wanaque

$ 448,300

$ 256/sqft

West Milford

$ 461,300

$ 262/sqft

Bloomingdale

$ 497,100

$ 270/sqft

Oak Ridge

$ 402,950

$ 255/sqft

Newfoundland

$ 402,400

$ 201/sqft

Little Falls

$ 531,900

$ 341/sqft

Haskell

$ 452,350

$ 303/sqft

Ringwood

$ 476,500

$ 299/sqft

Haledon

$ --

$ --

Pompton Lakes

$ 484,450

$ 312/sqft

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Housing Market Summary for Passaic County, NJ

Mar 2023February 2024Change
Median Listing Price$448.9K$504.3K12.34%
Median Sold Price$450.7K$504.3K11.89%
Homes For Sale311227-27.01%
Homes Sold2,3652,3780.55%
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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%.

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Browse Homes in Passaic County, NJ

Passaic County, NJ home values range from $176,000 to $960,000. Totowa is the priciest city with a median listing home price of $710,000, and Paterson is most affordable with average house prices of around $399,000.

Foreclosure
There are 17 cities within Passaic County, NJ; within these cities, the median estimated home value for homes in foreclosure ranges from $778,900 in Hewitt to the lowest value of $181,000 in Hewitt. Foreclosure homes account for 1.00% of properties in Passaic County, NJ with Paterson containing 288 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.02% of all residential properties in Passaic County, NJ with Paterson containing 259 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 17 cities within Passaic County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $956,900 in Wanaque to the lowest home value of $181,000 in Hewitt.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Passaic County, NJ ranges from the highest value of $645,400 in Clifton to the lowest value of $369,400 in Paterson. Bank owned homes and properties account for 0.01% of properties in Passaic County, NJ. There are 17 cities within Passaic County, NJ; Passaic containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Paterson has 27 auction properties, the highest number of properties going to auction in a single city in the state of Passaic County, NJ. Auction homes and other auction properties account for 0.08% of all properties in Passaic County, NJ. There are 17 cities within Passaic County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $736,900 in Hawthorne to the lowest value of $202,600 in Hawthorne.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.22% of residential properties in Passaic County, NJ with Wayne containing 42 homes for sale, the highest number of listed properties in a single city. There are 17 cities within Passaic County, NJ; homes for sale in those cities, have a range of median values from $744,100 in Hawthorne to the lowest value of $181,000 in Hewitt.
    Sold Homes
    The median value for recently sold homes ranges from $824,600 in Haledon to the lowest price of $176,400 in Haledon. There are 17 cities within Passaic County, NJ. Paterson has 464 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.06% of properties in Passaic County, NJ.

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      Guide for Passaic County, NJ

      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?