Is Hackettstown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hackettstown has remained a Seller's Market.
Key Takeaway
Hackettstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hackettstown, NJ
How much do homes in Hackettstown, NJ cost?
Median Sold Price
$435,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hackettstown have sold for 9% more than they did a year ago.
Summary: The median home sold price in Hackettstown was $435,000 in April 2024, up 9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | $230K | +14.4% |
| 2 Bedrooms | $285K | $325K | +14.0% |
| 3 Bedrooms | $384.9K | $450K | +16.9% |
| 4 Bedrooms | $500K | $525K | +5.0% |
| 5+ Bedrooms | $590K | $625K | +5.9% |
Summary: Hackettstown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Allamuchy Township | $384.9K | $420K | +9.1% |
| Hackettstown | $399K | $435K | +9.0% |
| Independence Township | $325K | $353.2K | +8.7% |
| Mount Olive Township | $500K | $530K | +6.0% |
| Budd Lake | $482.5K | $488K | +1.1% |
Housing Supply in Hackettstown, NJ
How many homes are available in Hackettstown, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 84 | +16.7% |
Summary: The Hackettstown real estate market had 84 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 25 | 34 | +36.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hackettstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hackettstown, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Hackettstown in April 2024, down by 16.7% month-over-month. Of the 15 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Hackettstown, NJ
We’re sorry, we don't have information for this market at the moment
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