Paramus Real Estate Market Report: October 2026

$1.17M Median Sale Price Marks Shift in Market Momentum

Paramus closed October 2026 with a median sale price of $1,170,000 across 70 transactions, reflecting a year-over-year increase of 3.1% but a notable month-over-month decline of 14.8%. The pullback signals a market transition as inventory levels rise and buyer activity moderates heading into the final quarter of the year.

Market Overview

October brought mixed signals to the Paramus housing market. While the annual comparison shows continued price appreciation, the month-to-month contraction suggests summer momentum has stalled. Active inventory climbed to 193 listings, translating to 8.3 months of supply—a significant shift from the tighter conditions seen earlier in 2026. This expanded inventory is beginning to rebalance buyer-seller dynamics.

The sale-to-list ratio of 99.6% indicates that homes are still selling near asking price on average, though the average days on market (DOM) of 88 days reflects longer holding periods compared to spring and early summer. Buyers now have more options to evaluate and negotiate, a departure from the compressed timelines that characterized the first half of the year.

The market remains dominated by higher-priced properties. Of the 70 sales recorded, 67 transactions occurred in the over-$700K segment, while only 3 sales closed below $700K. This concentration underscores Paramus's positioning as a premium market with limited entry-level inventory.

What This Means for Owners

Current homeowners should recognize that the window for quick sales at peak prices is narrowing. With nearly 8 months of inventory on the market, buyers are no longer in a rush, and homes are spending an average of nearly three months to sell. If you're considering listing, pricing strategy matters more now than it did six months ago. Homes priced competitively relative to comparable sales will move faster; overpriced properties risk languishing on the market.

The 3.1% year-over-year appreciation, while positive, is modest compared to prior years. If you've been waiting for a market correction before upgrading or downsizing, conditions are gradually shifting in that direction. However, the 99.6% sale-to-list ratio suggests that well-maintained homes in desirable locations are still commanding near-asking prices.

What This Means for Buyers

October marks a meaningful inflection point for buyers. The combination of rising inventory and longer marketing times creates genuine negotiating leverage that wasn't available in the spring. With 193 active listings and 88 average days on market, you can afford to be selective rather than reactive.

The 99.6% sale-to-list ratio, while still favorable to sellers, leaves room for negotiation—particularly on homes that have been listed beyond 90 days. Contingencies, inspection periods, and closing timelines are more negotiable now than they were earlier in the year. If you've been priced out or frustrated by competitive bidding, this is a better environment to re-enter the market.

Price Segment Breakdown

Price Range	Sales	Median Price
$400K–$700K	3	$640,000
Over $700K	67	$1,200,000

The stark disparity in transaction volume by price tier highlights the scarcity of sub-$700K inventory in Paramus. Buyers seeking entry-level or mid-range properties face limited options, while the luxury segment ($1M+) remains the market's primary engine.

Key Metrics Summary

Metric	Value
Median Sale Price	$1,170,000
Sales (October)	70
Active Inventory	193
Months of Supply	8.3
Average Days on Market	88
Sale-to-List Ratio	99.6%
Year-over-Year Change	+3.1%
Month-over-Month Change	−14.8%

AI-generated estimates for informational purposes only. Not appraisals.

Data sourced from NJMLS and GSMLS via Garden State AI.