Is Hewlett, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hewlett is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Hewlett was a Buyer's Market.

Key Takeaway

Hewlett is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hewlett, NY

How much do homes in Hewlett, NY cost?

Median Sold Price

$630,000

$360/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+1.6%)

Key Takeaway

Homes in Hewlett have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Hewlett was $630,000 in February 2024, up 1.6% from last year, and the median price per square foot was $360.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $172.7K$147K
-14.9%
2 $262K$310K
+18.3%
3 $619K$602.5K
-2.7%
4 $730K$765K
+4.8%
5+ $885K$910K
+2.8%

Summary: Hewlett housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Neighborhoods

Hewlett
+1.6%
Town of Hempstead
+1.6%
Woodmere
-4.5%

Housing Supply in Hewlett, NY

How many homes are available in Hewlett, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5053+6.0%

Summary: The Hewlett real estate market had 53 homes for sale in February 2024, a 6.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 77
0.0%
2 1614
-12.5%
3 1114
+27.3%
4 1010
0.0%
5+ 68
+33.3%

Summary: The Hewlett housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hewlett, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Hewlett in February 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Hewlett, NY

How long does it take to sell a home in Hewlett, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days104 Days+170.6%

Summary: Homes in Hewlett had an average of 104 days on market in Feb 2024, up by 170.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Hewlett; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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 27 Days Ago

Newest Listings in Hewlett, NY

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