More than half of millennials in the Garden State feel that the time is now to be putting down roots for their budding families, and 43% specifically said they wanted to start building equity.
But some of the more outlandish home buying anecdotes may not repeat themselves; there might be closer to an average of six to 12 offers per property, at 3% to 5% over the asking price.
A recent study revealed a nearly 5 percent jump in homes worth $1 million or more in the New York metro area, and while that snapshot does include some towns on the Jersey side of the Hudson, the Garden State has several other high-end areas.
It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.
Building permits for new construction of houses in New Jersey have reached their highest levels in six years. Still, a brand-new home remains an elusive goal for many millennials in the state.