Name: Median Sale Price — ZIP 07501 Multi-Family (2-4 Unit), March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median sale price in Paterson (07501)?

Accepted Answer

The median sale price for Multi-Family (2-4 Unit) homes in ZIP 07501 was $675,000 for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the median sale price in 07501 mean for sellers?

Accepted Answer

The median sale price reflects what Multi-Family (2-4 Unit) homes in ZIP 07501 have actually closed for, not what they were listed at. At $675,000, this is the midpoint of all closed transactions in the 90-day period ending 2026-03-31. Half of homes sold for more; half sold for less.

Question 3

How is the median sale price in 07501 calculated?

Accepted Answer

The median sale price for ZIP 07501 is derived from closed sale transactions recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all Multi-Family (2-4 Unit) sales in that period. Data source: Redfin.

Question 4

Is the median sale price in 07501 higher or lower than last year?

Accepted Answer

The median sale price in ZIP 07501 is up 12.7% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median sale price compare to the median list price in 07501?

Accepted Answer

In ZIP 07501, the median list price was $649,000 and the median sale price was $675,000 for the 90-day period ending 2026-03-31. Homes closed at a median of $26,000 above asking.

Median sale price in 07501 was $675,000, up 12.7% from last year.