Is Hazlet, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hazlet has remained a Seller's Market.
Key Takeaway
Hazlet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hazlet, NJ
How much do homes in Hazlet, NJ cost?
Median Sold Price
$520,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hazlet have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Hazlet was $520,500 in March 2024, up 11.9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.4K | $167K | -35.1% |
| 2 Bedrooms | $302.5K | $125K | -58.7% |
| 3 Bedrooms | $460K | $513K | +11.5% |
| 4 Bedrooms | $555K | $555K | 0.0% |
| 5+ Bedrooms | $600K | $610K | +1.7% |
Summary: Hazlet housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes decreased by 58.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Hazlet | $465K | $520.5K | +11.9% |
| Hazlet Township | $440K | $490K | +11.4% |
| Keyport | $400K | $439K | +9.8% |
| Union Beach | $419K | $451.5K | +7.8% |
| Aberdeen Township | $450K | $476.6K | +5.9% |
Housing Supply in Hazlet, NJ
How many homes are available in Hazlet, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Hazlet real estate market had 47 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hazlet housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hazlet, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hazlet in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Hazlet, NJ
How long does it take to sell a home in Hazlet, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +6.1% |
Summary: Homes in Hazlet had an average of 32 days on market in Mar 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hazlet are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Hazlet; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.