Paramus Home Prices & Trends
Comprehensive analysis of Paramus real estate prices, historical trends, and neighborhood comparisons
Current Paramus Home Prices
December 2024 market snapshot
Median Home Price
$875,000
5-Year Appreciation
+25.9%
Price per Sq Ft
$425
Annual Growth
+5.2%
5-Year Price History
Paramus home price trends from 2020 to 2024
Best Year: 2022 (+10.7% growth)
Avg Annual: +5.2% appreciation
Total Growth: $180,000
6-Month Price Trend
Jul
$865K
Aug
$870K
Sep
$868K
Oct
$872K
Nov
$875K
Dec
$875K
Paramus Neighborhood Price Comparison
Price variations across Paramus neighborhoods
| Neighborhood | Median Price | $/Sq Ft | YoY Change | Affordability Index |
|---|---|---|---|---|
Dunkerhook | $1,125,000 | $475 | +6.2% | 62 |
Spring Valley | $895,000 | $435 | +5.5% | 71 |
Arcola | $825,000 | $415 | +4.8% | 75 |
West Brook | $775,000 | $395 | +4.2% | 78 |
Forest Avenue | $725,000 | $385 | +5.8% | 82 |
Bergen Town Center | $625,000 | $350 | +7.1% | 88 |
Affordability Index
Score from 0-100 based on median home price relative to median household income ($106,438). Higher scores indicate better affordability. Score of 70+ means a typical household can afford the median home with 20% down.
Prices by Property Type
Average prices and size analysis across different property types
Single Family
Average Price
$985,000
Median Size
2200 sq ft
Price/Sq Ft
$448
Townhouse
Average Price
$675,000
Median Size
1650 sq ft
Price/Sq Ft
$409
Condo
Average Price
$485,000
Median Size
1100 sq ft
Price/Sq Ft
$441
Multi-Family
Average Price
$1,250,000
Median Size
3200 sq ft
Price/Sq Ft
$391
Paramus Home Price Distribution
Current inventory breakdown by price range
Market Insight: 72% of Paramus homes are priced between $600K-$1M, representing the core market segment. Entry-level homes under $600K are scarce at only 23% of inventory.
Paramus Home Affordability Calculator
Based on median household income of $106,438
Affordability by Price Point
*Assumes 20% down, 6.875% rate, 2.5% property tax, includes insurance
Key Affordability Factors
Property Taxes
Paramus average: 2.21% ($19,338/year on median home)
Down Payment
20% down ($175,000) avoids PMI and gets best rates
HOA Fees
Condos/townhomes: $200-500/month additional
Income Requirements
Median home requires ~$185,000 household income
Important Disclaimer
All price data shown is for illustrative purposes only and may not reflect current market conditions. Historical data is compiled from various sources and accuracy cannot be guaranteed. Affordability calculations are estimates based on typical lending criteria and do not constitute financial advice. Consult with a licensed real estate professional for current pricing and a mortgage professional for personalized affordability analysis.
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