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

FAQs

What is the most asked question to real estate agent? ›

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.

Living in Elizabeth offers residents an urban suburban mix feel and most residents rent their homes. In Elizabeth there are a lot of bars, restaurants, coffee shops, and parks. Many families live in Elizabeth and residents tend to be liberal.

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.

What day of the week do most house showings occur? Sunday is the day of the week with the most home showings.

Sellers in the Garden State benefit from the high demand, which is reflected in the increasing median sale prices of homes. In terms of homeownership costs, New Jersey's median home price stands at a notable $494,900, having seen a significant year-over-year increase.

With a population of over 140,000, the City of Elizabeth is New Jersey's fourth largest City. As the Union County Seat, Elizabeth contains most major governmental offices and courts servicing the County.

What is the cost of living in Elizabeth NJ? ›

Cost of Living in Elizabeth, New Jersey by Expense Category

Elizabeth's housing expenses are 41% higher than the national average and the utility prices are 9% higher than the national average. Transportation expenses like bus fares and gas prices are 9% higher than the national average.

You will report any income earned on the sale of property as a capital gain. When filing your New Jersey Tax Return, a capital gain is calculated the same way as for federal purposes. Any amount that is taxable for federal purposes is taxable for New Jersey purposes.

Best Time to Sell Your House for a Higher Price

June, July, and August are the best months to sell your house in New Jersey. The median sale price of houses in August 2023 was $513,600, which is expected to rise in 2024. However, cities like Camden, Freehold, and Colonia follow an upward trend throughout the year.

Who Pays the Real Estate Agent in New Jersey? In New Jersey, home sellers typically pay real estate commissions, which are usually included in the seller closing costs. A buyer pays only for the home and their own closing expenses.