Is Hazlet, 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, Hazlet has remained a Seller's Market.
Housing Prices in Hazlet, NJ
How much do homes in Hazlet, NJ cost?
Median Sold Price
$517,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hazlet was $517,500 in April 2024, up 8.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.4K | $264K | +2.5% |
2 Bedrooms | $299.9K | $127K | -57.7% |
3 Bedrooms | $464.9K | $520K | +11.9% |
4 Bedrooms | $549.5K | $572.5K | +4.2% |
5+ Bedrooms | $615K | $612.5K | -0.4% |
Summary: Hazlet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 57.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Keyport | $395K | $440K | +11.4% |
Union Beach | $419K | $460K | +9.8% |
Hazlet | $475K | $517.5K | +8.9% |
Hazlet Township | $450K | $487.5K | +8.3% |
Aberdeen Township | $450K | $481K | +6.9% |
Housing Supply in Hazlet, NJ
How many homes are available in Hazlet, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 50 | 0.0% |
Summary: The Hazlet real estate market had 50 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hazlet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Hazlet in April 2024, up by 81.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 15% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 31 Days | +45.3% |
Summary: Homes in Hazlet had an average of 31 days on market in Apr 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Hazlet; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.