Paterson, NJ 07503 Real Estate & Property Data

Paterson, NJ 07503 Real Estate Market Trends
Last Updated: May 01, 2024

A total of 117 residential properties have been sold over the past 12 months in 07503. With a median sales price of $556,500 in 07503 and a total of 5 foreclosures in Paterson, NJ 07503. Discover market trends and get the granular level real estate data for Paterson, NJ 07503 to keep your pulse on the housing market. Curate compelling home reports for Paterson, NJ 07503 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Paterson, NJ 07503 Real Estate Market Trends
Total Residential Properties 2,476
Total Commercial Properties 638
Avg. Home Age (Single Family Home) 64 Years
Avg. Square Feet (Single Family Home) 1,946
Total 2024 Residential Sales (year-to-date) 23
% of Homes Seriously Underwater (Q2 2024) 1.01%
Total 2023 Residential Sales 101
% of Equity Rich Homes (Q2 2024) 47.47%
Effective 2023 Property Tax 1.8%
Total Foreclosure Filings (year-to-date) 7
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Paterson, NJ 07503 Real Estate Overview

There were 117 residential properties sold in the past year in Paterson, NJ 07503. The median home value in Paterson, NJ 07503 is $510,600. There are a total of 2,476 residential properties in the 07503.

Median Sales Price i
$556,500
(Mar 2024)
+23.7%
year-over-year
y-o-y
  • March '24 Mar '24 $556,500
  • February '24 Feb '24 $490,000
  • January '24 Jan '24 $497,500
  • December '23 Dec '23 $490,000
  • November '23 Nov '23 $320,592
  • October '23 Oct '23 $570,000
  • September '23 Sep '23 $530,000
  • August '23 Aug '23 $482,500
  • July '23 Jul '23 $415,000
  • June '23 Jun '23 $580,000
  • May '23 May '23 $385,000
  • April '23 Apr '23 $317,500
Median Down Payment i
$80,550
(Mar 2024)
+29.9%
year-over-year
y-o-y
  • March '24 Mar '24 $80,550
  • February '24 Feb '24 $85,000
  • January '24 Jan '24 $15,019
  • December '23 Dec '23 $20,393
  • November '23 Nov '23 $157,000
  • October '23 Oct '23 $21,750
  • September '23 Sep '23 $15,750
  • August '23 Aug '23 $21,775
  • July '23 Jul '23 $20,750
  • June '23 Jun '23 $152,500
  • May '23 May '23 $77,000
  • April '23 Apr '23 $36,975
Number of Homes Sold i
5
(Mar 2024)
-58.3%
year-over-year
y-o-y
  • March '24 Mar '24 5
  • February '24 Feb '24 9
  • January '24 Jan '24 9
  • December '23 Dec '23 4
  • November '23 Nov '23 6
  • October '23 Oct '23 16
  • September '23 Sep '23 7
  • August '23 Aug '23 7
  • July '23 Jul '23 11
  • June '23 Jun '23 11
  • May '23 May '23 12
  • April '23 Apr '23 8
Number of Purchase Loans i
2
(Mar 2024)
-81.8%
year-over-year
y-o-y
  • March '24 Mar '24 2
  • February '24 Feb '24 5
  • January '24 Jan '24 5
  • December '23 Dec '23 3
  • November '23 Nov '23 4
  • October '23 Oct '23 11
  • September '23 Sep '23 6
  • August '23 Aug '23 5
  • July '23 Jul '23 6
  • June '23 Jun '23 5
  • May '23 May '23 3
  • April '23 Apr '23 4
Number of REFI Loans i
2
(Mar 2024)
-50%
year-over-year
y-o-y
  • March '24 Mar '24 2
  • February '24 Feb '24 3
  • January '24 Jan '24 5
  • December '23 Dec '23 6
  • November '23 Nov '23 5
  • October '23 Oct '23 9
  • September '23 Sep '23 4
  • August '23 Aug '23 4
  • July '23 Jul '23 4
  • June '23 Jun '23 2
  • May '23 May '23 5
  • April '23 Apr '23 2
Number of HELOC Loans i
1
(Mar 2024)
year-over-year
y-o-y
  • March '24 Mar '24 1
  • February '24 Feb '24 N/A
  • January '24 Jan '24 2
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 2

Paterson, NJ 07503 Foreclosure Activity

There were a total of 5 Paterson, NJ 07503 properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i
5
(Mar 2024)
-44.4%
year-over-year
y-o-y
  • March '24 Mar '24 5
  • February '24 Feb '24 N/A
  • January '24 Jan '24 2
  • December '23 Dec '23 4
  • November '23 Nov '23 5
  • October '23 Oct '23 3
  • September '23 Sep '23 2
  • August '23 Aug '23 4
  • July '23 Jul '23 4
  • June '23 Jun '23 2
  • May '23 May '23 3
  • April '23 Apr '23 1
Foreclosure Starts i
4
(Mar 2024)
+33.3%
year-over-year
y-o-y
  • March '24 Mar '24 4
  • February '24 Feb '24 N/A
  • January '24 Jan '24 1
  • December '23 Dec '23 4
  • November '23 Nov '23 2
  • October '23 Oct '23 3
  • September '23 Sep '23 2
  • August '23 Aug '23 2
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 2
  • April '23 Apr '23 1
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