Is Hackettstown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hackettstown has remained a Seller's Market.
Housing Prices in Hackettstown, NJ
How much do homes in Hackettstown, NJ cost?
Median Sold Price
$436,666
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hackettstown was $436,666 in May 2024, up 9.2% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $250K | +23.8% |
2 Bedrooms | $289K | $325K | +12.5% |
3 Bedrooms | $385K | $447.5K | +16.2% |
4 Bedrooms | $500K | $528K | +5.6% |
5+ Bedrooms | $575K | $628K | +9.2% |
Summary: Hackettstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Independence Township | $320K | $361K | +12.8% |
Hackettstown | $400K | $436.6K | +9.2% |
Allamuchy Township | $375K | $407.5K | +8.7% |
Mount Olive Township | $500K | $535K | +7.0% |
Budd Lake | $466.5K | $497.5K | +6.6% |
Housing Supply in Hackettstown, NJ
How many homes are available in Hackettstown, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 103 | +24.1% |
Summary: The Hackettstown real estate market had 103 homes for sale in May 2024, a 24.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Hackettstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Hackettstown in May 2024, up by 29.4% month-over-month. Of the 22 sold homes, 14% were sold under asking, 14% were sold at asking, and 73% were sold over asking.
Days on Market for Hackettstown, NJ
We’re sorry, we don't have information for this market at the moment