What Is the Cost to Sell a House in New Jersey?
The sale price of your New Jersey house is not pure profit. We break down the of selling a house in NJ to help you runcover your possible net proceeds.
If you’re like most homeowners in the Garden State, your house is likely your most valuable asset. When you decide to sell, it can be a life-changing move — literally and financially. You’ll want to keep as much of the sale proceeds as possible. But what is the cost of selling a house in NJ?
In this guide, we’ve researched the typical expenses you can expect to pay and gathered expert selling tips from a top-rated New Jersey real estate agent.
What’s Your New Jersey Home Worth Now?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Start with a home value estimate
According to the National Association of Realtors (NAR), the national median single-family home price saw a 4% year-over-year increase to $407,200. The current median home price in New Jersey is $555,000. This is a 9.9% increase over last year, higher than the national average and growing at a faster rate.
As New Jersey homeowners enjoy healthy property appreciation rates, now is a good time to check up on your home value. You may be pleasantly surprised to see what your NJ house might be worth today.
To get a preliminary idea, you can request a quick online value estimate using HomeLight’s Home Value Estimator. This free automated valuation model (AVM) tool will use recent sales transactions, regional market trends, and your home’s latest selling price, to provide a ballpark range of value for your home in under two minutes. Simply enter your address to get started.
“Right now, we’re fortunate in our market that there aren’t many homes for sale,” says Gene Lowe, a top-rated Wayne, New Jersey, real estate agent with 42 years of experience. “There’s a lot of demand, but not much to choose from.”
How much does it cost to sell a house in NJ?
While your out-of-pocket costs depend on your unique situation and other variables, the cost to sell a house in New Jersey averages 5%–9% or more of the final sale price. That includes real estate agent commission, escrow, and assorted fees (some of which are negotiable with the buyer) but does not include your mortgage payoff amount.
To illustrate, if you sold your New Jersey Colonial home for $500,000, your selling costs could range from $25,000 to $45,000. Let’s examine some of these expenses in detail.
