08402, NJ Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Where are homes selling the fastest in NJ? ›

Considering the current market conditions, favorable interest rate environment, and outlook for the first half of 2024, now could indeed be a good time to sell your New Jersey house. With high demand, competitive pricing, and favorable financing options, sellers stand to benefit from entering the market at this time.

Why are NJ homes more expensive? New Jersey's higher home prices are driven by two key factors: its proximity to New York City and its population density, which is the highest in the country, according to SmartAsset. The Garden State has two of America's wealthiest counties: Hunterdon and Somerset.

Working with a real estate agent is a common approach to selling a home, but it's not your only option. If you're selling a home in New Jersey, you could choose to do the work of marketing your property, hosting open houses and even negotiating a deal with a buyer, all on your own.

Home prices in New Jersey are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in NJ was only 20,527 in January 2024. There is very limited inventory to satiate the demand from house hunters. This also makes it the best time to sell a house in New Jersey.

Focus on curb appeal.

It's incredible what a tidy lawn and freshly mulched flower beds can do for a house. Most buyers will drive by your property before deciding whether or not to take a closer look. A house that looks welcoming from the street stands a much better chance of selling quickly.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

Thursday is generally thought to be the best day of the week to list a house for sale. Studies have shown that homes listed on Thursdays are more likely to sell faster, and for a higher price, but local markets can differ.

If you sold your primary residence, you may qualify to exclude all or part of the gain from your income. Your capital gain is calculated the same way as it is for federal purposes. Any amount that is taxable for federal purposes is taxable for New Jersey purposes.

New Jersey is generally more affordable than New York City when it comes to housing, groceries, and other expenses. And this is, of course, the main reason for commuting to work. So, overall living costs are 53.3% higher in NYC than in NJ.

What is the most expensive residential area in New Jersey? ›

NEW JERSEY — A new study has revealed which New Jersey cities are most expensive to live in and Hoboken took the top spot.

New Jersey's proximity to the metropolitan giants of New York City and Philadelphia greatly influences its wealth. A vast majority of the state consists of suburbs of these two cities, an explanation for much of the state's high incomes.

New Jersey, unlike other states, does not require sellers to have an attorney to sell a property. However, it is more than recommended and key to have it for contract review, negotiation or general real estate advice.

To qualify for a Real Estate Salespersons license you must be at least 18 years old, have a high school education or equivalency, complete a 75 hour pre-licensure course at a licensed school and pass the New Jersey examination.

FSBO sellers in Texas can use a service to have their home listed on their local MLS, often for a flat fee. Websites like Houzeo, FSBO and Texas MLS Broker offer MLS packages for owners selling without an agent. Some packages come with yard signs, and they can often be purchased at hardware stores too.

1 fastest-selling housing market: Hartford, Connecticut. As of January 2024, the fastest-selling housing market in the U.S. is Hartford, Connecticut.

Lakewood in Ocean County was the fastest-growing municipality in New Jersey, according to the data. In 2012, the population was 91,423. In 2022, it ballooned to 133,875, a 46% increase for a location that has become attractive to Orthodox Jewish families.