New Jersey Home Buyers Some Of The Best Negotiators In America

In New Jersey, the median sales price for all types of properties on the Real Estate market has increased 12.5% over the last 14 months.

Home buyers in The Garden State have to navigate a market with a 13.4% increase in Single Family Home Prices and a 13.9% increase in Townhouse-Condo Prices since the beginning of 2024.

But despite these housing market price increases, there is some good news for New Jersey home buyers according to new research from Agent Advice.

What Is The Good News For Home Buyers In New Jersey?

The research team at AgentAdvice.com surveyed 3,000 homeowners in all 50 states in America to find out their negotiations for new homes. They found that 54 percent of homebuyers admitted to walking away from making a deal when the seller refused to negotiate a lower price.

New Jersey Home Buyers Saved the fourth most average money thanks to negotiations before making a deal for their new property. NJ buyers saved an average of $19,634 thanks to negotiations before signing the dotted line.

The average home price listing in New Jersey is $503,432 so negotiating a savings of almost $20,000 off the sale price is significant.

Here are the states where Home Buyers are negotiating the Highest Average savings:

1. Hawaii - $37,756
2. California - $28,312
3. Colorado - $22,105
4. New Jersey - $19,634
5. Delaware - $19,461
6. Massachusetts - $18,489
7. Washington - $18,432
8. New York - $17,219
9. Oregon - $16,079
10. Montana - $15,688

That average home price listing in New Jersey of a half-million is inflated thanks to some of the most expensive zip codes in America are located in The Garden State. Here are some of those homes on the Real Estate Market that are some of the most expensive: