Is Hazlet, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hazlet is a seller's market

Buyer's
Market

Difference Since November 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

$530,000

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+6.0%)

Key Takeaway

Homes in Hazlet have sold for 6% more than they did a year ago.

Summary: The median home sold price in Hazlet was $530,000 in November 2024, up 6% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $177K$303.5K
+71.5%
2 $128.5K$134.6K
+4.8%
3 $500K$526K
+5.2%
4 $550K$630K
+14.5%
5+ $615K$590K
-4.1%

Summary: Hazlet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Keyport
+26.5%
Aberdeen Township
+21.0%
Union Beach
+11.1%
Hazlet Township
+9.5%
Hazlet
+6.0%

Housing Supply in Hazlet, NJ

How many homes are available in Hazlet, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6160-1.6%

Summary: The Hazlet real estate market had 60 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1919
0.0%
3 1714
-17.6%
4 2323
0.0%
5+ 24
+100.0%

Summary: The Hazlet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hazlet, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Hazlet in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% 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

Nov 2023Nov 2024CHANGE
18 Days30 Days+62.8%

Summary: Homes in Hazlet had an average of 30 days on market in Nov 2024, up by 62.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hazlet are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Hazlet; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Hazlet, NJ

Nearby Markets to Hazlet, NJ

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