$4,501 Closing Credit*
$379,000
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS METROPOLITAN
Is Hewitt, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hewitt was a Neutral Market.
Key Takeaway
Hewitt is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hewitt, NJ
How much do homes in Hewitt, NJ cost?
Median Sold Price
$420,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+12.8%)
Key Takeaway
Homes in Hewitt have sold for 12.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.6K | $252.5K | +41.4% |
| 2 Bedrooms | $282.5K | $355K | +25.7% |
| 3 Bedrooms | $415K | $425K | +2.4% |
| 4 Bedrooms | $440K | $585K | +33.0% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: Hewitt housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 33%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Milford | $370K | $439.5K | +18.8% |
| Highland Lakes | $324.5K | $375K | +15.6% |
| Hewitt | $372.5K | $420K | +12.8% |
| Ringwood | $495K | $540K | +9.1% |
| Stockholm | $360K | $375K | +4.2% |
Housing Supply in Hewitt, NJ
How many homes are available in Hewitt, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The Hewitt real estate market had 49 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hewitt housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hewitt, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hewitt in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Hewitt, NJ
We’re sorry, we don't have information for this market at the moment
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.