
A three-bedroom, one-bath lakefront home in New Jersey, on a half-acre lot with 100 feet of water frontage, is listed at $550,000—below the statewide median of $570,000. The price makes this waterfront property an uncommon bargain given typical lakefront premiums. The listing highlights local price variation in the spring housing market at a time when many sellers are relisting and mortgage-rate swings are reshaping buyer affordability.
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