Is Hazlet Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hazlet Township was a Seller's Market.
Housing Prices in Hazlet Township, NJ
How much do homes in Hazlet Township, NJ cost?
Median Sold Price
$497,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hazlet Township was $497,000 in May 2024, up 13% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.4K | $264K | +2.5% |
2 Bedrooms | $299.9K | $125K | -58.3% |
3 Bedrooms | $430K | $513K | +19.3% |
4 Bedrooms | $537.5K | $555.5K | +3.3% |
5+ Bedrooms | $607.5K | $610K | 0.4% |
Summary: Hazlet Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 58.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Keyport | $385K | $455.2K | +18.3% |
Hazlet Township | $440K | $497K | +13.0% |
Keansburg | $292K | $330K | +13.0% |
Hazlet | $465K | $525K | +12.9% |
Union Beach | $430K | $463K | +7.7% |
Housing Supply in Hazlet Township, NJ
How many homes are available in Hazlet Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 57 | -6.6% |
Summary: The Hazlet Township real estate market had 57 homes for sale in May 2024, a 6.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 10 | -37.5% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hazlet Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 6 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Hazlet Township in May 2024, down by 71.4% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 14 Days | -30.9% |
Summary: Homes in Hazlet Township had an average of 14 days on market in May 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Hazlet Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.