Passaic County, NJ Home Values & Market Trends
The median home price in Passaic County, NJ is $519,641.95. There were 3,983 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 $470,422.955. The number of current listings in Passaic County, NJ is 263, and the percentage of properties for sale is 263.00%. The county has 1,189 foreclosures, 10 bank owned properties, 96 headed for auction, and 263 properties for sale.
Passaic County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Clifton | $ 524,800 $ 326/sqft | Hawthorne | $ 622,200 $ 304/sqft |
| Wayne | $ 597,800 $ 320/sqft | Totowa | $ 697,400 $ 347/sqft |
| Paterson | $ 453,400 $ 257/sqft | Passaic | $ 582,350 $ 286/sqft |
| West Milford | $ 430,400 $ 259/sqft | Wanaque | $ 474,100 $ 251/sqft |
| Hewitt | $ 382,500 $ 260/sqft | Bloomingdale | $ 534,950 $ 279/sqft |
| Oak Ridge | $ 441,400 $ 297/sqft | Newfoundland | $ 357,700 $ 216/sqft |
| Little Falls | $ 539,300 $ 357/sqft | Haskell | $ 379,500 $ 298/sqft |
| Ringwood | $ 476,500 $ 297/sqft | Haledon | $ -- $ -- |
| Pompton Lakes | $ 537,500 $ 340/sqft |
Housing Market Summary for Passaic County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $479K | $506.8K | 5.79% |
| Median Sold Price | $445.3K | $506.8K | 13.80% |
| Homes For Sale | 333 | 240 | -27.93% |
| Homes Sold | 2,192 | 2,166 | -1.19% |
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 Passaic County, NJ
Browse Homes in Passaic County, NJ
Passaic County, NJ home values range from $180,000 to $960,000. Wayne is the priciest city with a median listing home price of $597,450, and Ringwood is most affordable with average house prices of around $394,894.
- Pre-ForeclosurePre-foreclosure homes account for 0.99% of all residential properties in Passaic County, NJ with Paterson containing 254 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 $920,400 in Newfoundland to the lowest home value of $186,400 in Paterson.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Passaic County, NJ ranges from the highest value of $580,600 in Clifton to the lowest value of $337,300 in Wayne. 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.
- AuctionsPaterson has 29 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 0.09% 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 $732,800 in Hawthorne to the lowest value of $220,400 in Hawthorne.
Compare Nearby Cities
More Real Estate Resources for Passaic County, NJ
Guide for Passaic County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
