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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 $631,192.
In Passaic, NJ, how many homes are available?
There are currently 63 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 $31,674,834.
What is currently the cheapest priced home in Passaic, NJ?
The cheapest home for sale in Passaic is priced at $34,943.

Living in Passaic, NJ

Passaic, NJ is a dynamic and culturally diverse city offering a unique blend of urban convenience and community spirit. With easy access to public transportation to New York City and a variety of local amenities, it’s a growing area for families and professionals alike. The city is surrounded by beautiful parks and recreational facilities, making it a great place to live and thrive.

Current Market Conditions in Passaic, NJ

The real estate market in Passaic is experiencing a steady increase in demand, driven by its proximity to New York City and a growing population. The average home prices are rising, fueled by lower inventory and strong buyer interest, particularly among first-time homebuyers and investors looking for rental properties.

There has been an influx of new residents from urban areas in search of more space and affordability compared to nearby cities. This trend is expected to continue, enhancing property values and contributing to a competitive market.

Home Value Estimator For Passaic, NJ

There are currently 7,206 real estate properties in Passaic, NJ, with a median automated valuation model (AVM) price of $594,147.00. 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 $631,192.00, with the most expensive house in Passaic, NJ, topping out at $31,674,834.00 and the cheapest home in Passaic, NJ, clocking in at $34,943.00. 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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