New Jersey is one of the hardest-hit states in terms of how long it takes to complete a foreclosure.

But on the flipside, once the distressed inventory hits, there are some real steals out there for first-time homebuyers.

For example, take this home in Trenton, N.J., which is selling well under the market’s median price, according to Patch’s House Hunt in Trenton report.

It’s a small, well-kept single-family home priced at $50,220. That’s right just $50k.

It comes with hard-wood floors, a comfy porch and a homey fireplace.