First-Time Home Buyers in New Jersey

What You Need to Know About Buying Your First Home in 2025

Buying your first home is one of the most exciting—and often overwhelming—milestones in life. In 2025, the New Jersey real estate market continues to evolve, and while many believe it’s a tough time to be a first-time home buyer, the truth is: with the right guidance, it’s absolutely possible to succeed.

At The Lisella Property Group, we’ve helped more first-time home buyers in 2025 than seasoned buyers—and that’s no coincidence. We understand the unique challenges and emotions that come with buying your first home, and we’re here to guide you every step of the way.

The State of First-Time Home Buying in 2025

Let’s start with the numbers. According to the 2025 NAR Generational Trends Report, first-time buyers continue to make up a significant portion of the market:

71% of Younger Millennials (ages 26–34) were first-time buyers.
36% of Older Millennials (ages 35–44) also entered the market for the first time

This means that nearly 1 in 2 home buyers in 2025 is purchasing their first home—a powerful reminder that you’re not alone in this journey.

Why Buying Your First Home in New Jersey Feels Challenging

There’s no denying that the current market presents some hurdles for first-time buyers:

Rising Home Prices

New Jersey’s median home price has continued to climb, reaching over $539,000 in 2024 and trending upward into 2025. This can make affordability a concern, especially for buyers without existing home equity.

Higher Interest Rates

While mortgage rates have stabilized compared to the peaks of 2023, they remain higher than the ultra-low rates of the early 2020s. This affects monthly payments and overall buying power.

Limited Inventory

Inventory remains tight in many parts of New Jersey, particularly in desirable suburban areas. This creates competition and can lead to bidding wars.

Student Loan Debt

Many first-time buyers, especially Millennials and Gen Z, are balancing homeownership goals with student loan obligations, which can impact mortgage approval and budgeting.

But Here’s the Good News: You’re Not Alone

Despite these challenges, first-time buyers are thriving—especially those who work with experienced, local real estate professionals. At The Lisella Property Group, we’ve seen firsthand how preparation, strategy, and support can turn dreams into reality.

In fact, we’ve helped more first-time home buyers in 2025 than seasoned buyers. That’s a testament to our commitment, our process, and our belief that everyone deserves a place to call home.

What First-Time Buyers in New Jersey Need to Know

Understand Your Budget

Before you start browsing listings, it’s essential to know what you can afford. This includes:

Your monthly income and expenses
Your credit score
Your savings for a down payment and closing costs
Pre-approval from a trusted lender

We work closely with mortgage professionals who specialize in helping first-time buyers secure competitive financing.

Explore First-Time Buyer Programs

New Jersey offers several programs to help first-time buyers, including:

NJHMFA First-Time Homebuyer Mortgage Program
Down Payment Assistance Programs
Federal Housing Administration (FHA) Loans
USDA and VA Loans (for eligible buyers)

These programs can reduce upfront costs and make homeownership more accessible.

Be Ready to Act Quickly

In a competitive market, timing is everything. We help our clients stay ahead by:

Setting up instant alerts for new listings
Scheduling showings promptly
Crafting strong, compelling offers

Think Long-Term

Your first home doesn’t have to be your forever home. Focus on finding a property that meets your current needs and offers potential for growth—whether that’s equity, space, or location.

Why It Matters Who You Work With

Buying your first home is a big deal. It’s not just a financial investment—it’s a personal one. That’s why who you decide to partner with in the home buying journey matters more than ever.

At The Lisella Property Group, we don’t just open doors—we open opportunities. Here’s what sets us apart:

✅ Local Expertise

We know New Jersey’s neighborhoods, school districts, and market trends inside and out. Whether you’re looking in Bergen County, Monmouth, Essex, or beyond, we’ve got you covered.

✅ First-Time Buyer Focus

We specialize in helping first-time buyers navigate the process with confidence. From explaining mortgage terms to negotiating inspections, we’re with you every step of the way.

✅ Personalized Guidance

No two buyers are the same. We take the time to understand your goals, answer your questions, and tailor our approach to fit your needs.

✅ Proven Results

In 2025 alone, we’ve helped more first-time buyers than repeat buyers—a clear sign that our approach works.

Real Stories, Real Success

Here’s what some of our first-time buyers had to say:

“The Lisella Property Group was absolutely AMAZING in helping me find my home in Montclair! As a first-time home buyer, we were nervous to begin with! Then, we got into a highest and best offer situation with the place with loved. The Lisella Property Group directed us on exactly what to do in a quick and professional manner and we wound up getting the place of our dreams! Their knowledge of real estate is unbelievable, and his quick response and impressive negotiation skills are what closes deals. We will certainly be using The Lisella Property Group when we are ready to move to a bigger home!”
— Victoria, Montclair, NJ

“The Lisella Property Group helped us purchase our first home and we could not recommend a more helpful real estate team. Everyone a part of The Lisella Property Group is extremely knowledge and trustworthy. They know all of the ins and outs and was with us every step of the way. The Lisella Property Group was able to answer all of our questions and helped us to make the best decision for our family. They are an amazing real estate team. Highly recommend!”
— Anthony, Waldwick, NJ

First-Time Buyer Checklist

Here’s a quick checklist to help you get started:

✅ Get pre-approved for a mortgage
✅ Determine your budget and must-haves
✅ Research neighborhoods
✅ Connect with a trusted real estate agent (that’s us!)
✅ Start touring homes
✅ Make an offer
✅ Schedule inspections and appraisals
✅ Close and move in!

You Can Do This—And We Can Help

Buying your first home in New Jersey in 2025 might feel daunting—but it’s absolutely achievable. With the right preparation, the right mindset, and the right real estate partner, you can make it happen.

At The Lisella Property Group, we believe in empowering first-time buyers with knowledge, support, and heart. We’ve walked this path with many clients this year—and we’d be honored to walk it with you.

📞 Ready to start your homeownership journey? Contact us today for a free consultation. Let’s make your dream a reality—together.