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Short Sale Listings in Passaic, NJ

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Passaic, NJ Foreclosures

How much do homes sell for in Passaic, NJ?
The average home price is currently $625,956.
In Passaic, NJ, how many homes are available?
There are currently 70 active home listings available in Passaic.
What’s the average rental cost in Passaic, NJ?
The average rental price in Passaic is $1,754.
What is the most expensive home in Passaic?
The most expensive home sold in Passaic had a price of $31,297,984.
What is currently the cheapest priced home in Passaic, NJ?
The cheapest home for sale in Passaic is priced at $34,933.

Living in Passaic, NJ

Passaic, NJ offers a dynamic urban lifestyle combined with suburban feel and community engagement. With numerous parks, schools, and diverse dining options, it serves as an ideal location for families and professionals. Additionally, its easy connectivity to New York City adds to its charm.

Current Market Conditions in Passaic, NJ

The real estate market in Passaic is currently showing signs of stability and gradual growth. Recent trends indicate a slight increase in home values as demand continues to rise while inventory remains moderately low. Buyers are becoming more competitive, which can lead to quicker sales and higher prices.

Affordable housing remains available, but more buyers are looking to Passaic due to its affordability compared to neighboring areas. This influx is expected to keep the market active as new developments and improvements in infrastructure continue.

Home Value Estimator For Passaic, NJ

There are currently 7,221 real estate properties in Passaic, NJ, with a median automated valuation model (AVM) price of $582,123.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Passaic, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Passaic, NJ, is $625,956.00, with the most expensive house in Passaic, NJ, topping out at $31,297,984.00 and the cheapest home in Passaic, NJ, clocking in at $34,933.00. In other words, there’s something for every potential homebuyer or savvy investor in Passaic, NJ!

Rent Prices In Passaic, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Passaic, NJ, is on a rollercoaster ride. The average rent price in Passaic, NJ, is $1,754.00. Indeed, when looking to rent in Passaic, NJ, you can expect to pay as little as $940.00 or as much as $2,760.00, with the average rent median estimated to be $1,730.00. The good news is that finding an affordable and desirable property to rent in Passaic, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Passaic, NJ Short Sale Listings

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