Is Hazlet Township, 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 Township has remained a Seller's Market.
Housing Prices in Hazlet Township, NJ
How much do homes in Hazlet Township, NJ cost?
Median Sold Price
$487,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hazlet Township was $487,500 in April 2024, up 8.3% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.4K | $180.4K | -29.9% |
2 Bedrooms | $300K | $125K | -58.3% |
3 Bedrooms | $435K | $500K | +14.9% |
4 Bedrooms | $535K | $555.5K | +3.8% |
5+ Bedrooms | $600K | $610K | +1.7% |
Summary: Hazlet Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes decreased by 58.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Keansburg | $292K | $330K | +13.0% |
Keyport | $395K | $440K | +11.4% |
Union Beach | $419K | $460K | +9.8% |
Hazlet | $475K | $517.5K | +8.9% |
Hazlet Township | $450K | $487.5K | +8.3% |
Housing Supply in Hazlet Township, NJ
How many homes are available in Hazlet Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 63 | +5.0% |
Summary: The Hazlet Township real estate market had 63 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hazlet Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Hazlet Township in April 2024, up by 75.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Hazlet Township, NJ
How long does it take to sell a home in Hazlet Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 29 Days | +38.5% |
Summary: Homes in Hazlet Township had an average of 29 days on market in Apr 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
15 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, 21 homes were sold in Hazlet Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.