Position：home

Houses for Sale in New Jersey: 10,000+ Listings Under $700,000

Discover Your Dream Home in the Garden State

Nestled along the Atlantic coast, New Jersey offers an unparalleled mix of urban vibrancy and suburban tranquility. From sprawling mansions to charming cottages, the state's real estate market caters to a wide range of lifestyles and budgets. With a median home price of just under $400,000, New Jersey remains an affordable destination for homebuyers.

Key Statistics

According to the New Jersey Association of Realtors (NJAR), there are currently over 10,000 active listings for homes for sale in the state.
The average sale price for a single-family home in New Jersey is $399,900, up 5.2% from the previous year.
The most expensive county in New Jersey for housing is Bergen County, with a median home price of $625,000.
The most affordable county in New Jersey for housing is Cumberland County, with a median home price of $225,000.

Why Buy a House in New Jersey?

New Jersey offers numerous advantages for homebuyers:

Proximity to Major Cities: New Jersey is conveniently located just outside New York City and Philadelphia, making it a popular destination for commuters.
Excellent Education: New Jersey consistently ranks among the top states for public education.
Beautiful Beaches: The state boasts miles of sandy beaches along the Atlantic Ocean, offering ample opportunities for recreation.
Diverse Culture: New Jersey is home to a vibrant mix of cultures, with a variety of ethnic restaurants, festivals, and events.

Common Mistakes to Avoid

When buying a house in New Jersey, it's important to avoid these common mistakes:

Overpaying: Don't get caught up in a bidding war and end up paying more than the home is worth.
Ignoring Property Taxes: New Jersey has some of the highest property taxes in the nation, so factor these costs into your budget.
Buying in a Flood Zone: Certain areas of New Jersey are prone to flooding, so research the flood risk before purchasing a home.
Skipping Home Inspections: A professional home inspection is essential for identifying any potential issues with the property.

Pros and Cons of Buying a House in New Jersey

Pros:

houses for sale in new jersey

High quality of life
Excellent schools
Proximity to major cities
Diverse culture

Cons:

Houses for Sale in New Jersey: 10,000+ Listings Under $700,000

High property taxes
Dense population
Traffic congestion
Flood risk in some areas

Table 1: Median Home Prices by County

County	Median Home Price
Bergen	$625,000
Essex	$450,000
Hudson	$475,000
Middlesex	$400,000
Monmouth	$425,000
Ocean	$375,000
Passaic	$350,000

Table 2: Top 10 Cities for Homebuyers in New Jersey

City	Median Home Price
Hoboken	$725,000
Montclair	$650,000
Ridgewood	$600,000
Princeton	$575,000
Summit	$550,000
Westfield	$525,000
Cranford	$500,000
Madison	$475,000
Maplewood	$450,000
South Orange	$425,000

Table 3: Mortgage Rates in New Jersey

Loan Type	Current Rate
30-Year Fixed	6.50%
15-Year Fixed	5.50%
5/1 Adjustable Rate Mortgage (ARM)	5.25%

Table 4: Homeownership Costs in New Jersey

Category	Estimated Cost
Mortgage Principal and Interest	$1,800
Property Taxes	$450
Homeowners Insurance	$150
Utilities	$200
Maintenance and Repairs	$100
Total Monthly Cost	$2,700

Discover Your Ideal Home Today

Whether you're a first-time homebuyer or a seasoned investor, New Jersey offers a wide range of options to suit your needs. Explore the latest listings, connect with a local real estate agent, and schedule a tour to discover your dream home in the Garden State. With its vibrant culture, excellent schools, and easy access to major cities, New Jersey is an ideal place to call home.