Is Passaic, NJ 07055 a buyer’s or seller’s market?

The Passaic housing market right now

In the three months ending August 31, 2026, 65% of homes in Passaic, NJ 07055 sold above their list price, the typical home went under contract in 69 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 52 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 58%, homes sold faster (96 days then) and the median sale price fell 3% to $579,749. Overall, Passaic is more competitive than a year ago, so tougher for buyers.

Within Passaic County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Passaic ranks #296 of 444 NJ ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Paterson 07505 (0% sold over asking) or Wanaque 07465 (39% sold over asking), while Paterson 07504 (88% sold over asking) and Hawthorne 07506 (83% sold over asking) are even more competitive.