Passaic, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 219 transactions over the past year in Passaic. The median value for residential home transactions that occurred over the previous year is $529,753. The number of current listings in Passaic is 96, and the percentage of properties for sale in the city is 96.00%. Passaic, NJ currently has 69 properties in foreclosure, 1 bank owned properties, 8 properties headed for auction, and 96 properties for sale.
Passaic, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07055 | $ 529,753 $ 352/sqft |
Housing Market Summary for Passaic, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $519.5K | $550K | 5.87% |
| Median Sold Price | $619.6K | $444K | -28.33% |
| Homes For Sale | 55 | 97 | 76.36% |
| Homes Sold | 125 | 103 | -17.60% |
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, NJ
Browse Homes in Passaic, NJ
Passaic home values range from $147,534 to $1,650,000. The median estimated value of a home in Passaic is $529,753. The median list price of a home is 549,950, and the total count of properties in the city is 335.
- Pre-ForeclosurePre-foreclosure homes account for 17.91% of all residential properties in Passaic, NJ with 07055 containing 60 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Passaic, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $631,346 in 07055 to the lowest home value of $200,414 in 07055.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Passaic, NJ ranges from the highest value of $0 in 07055 to the lowest value of $0 in 07055. Bank owned homes and properties account for 0.30% of properties in Passaic, NJ. There is 1 zips within Passaic, NJ; 07055 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07055 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Passaic, NJ. Auction homes and other auction properties account for 2.39% of all properties in Passaic, NJ. There is 1 zips within Passaic, NJ; of that zips, the median estimated home value for homes going to auction ranges from $740,000 in 07055 to the lowest value of $264,900 in 07055.
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Guide for Passaic, NJ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
