We looked into Nutley a lot before buying one in Lyndhurst 2 weeks ago. First of all, the town is great. We still love it. However, here are the reasons why we did not buy:

1. Taxes
2. Flood area
3. We have a two year old and the good elementary schools are farther in the area where we could not afford it.
4. Lots of trees for first time home owners. It was a huge deterrent.
5. Affordable ones are closer to highways.
6. Inventory very thin. Competition high. No buyer's advantage still.