Is Hewlett, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hewlett has remained a Buyer's Market.
Housing Prices in Hewlett, NY
How much do homes in Hewlett, NY cost?
Median Sold Price
$659,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hewlett was $659,000 in April 2024, up 6.9% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $149K | -10.8% |
2 Bedrooms | $285K | $285K | 0.0% |
3 Bedrooms | $597.5K | $670K | +12.1% |
4 Bedrooms | $785K | $760K | -3.2% |
5+ Bedrooms | $925K | $921K | -0.4% |
Summary: Hewlett housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Neighborhoods
Hewlett | $616.5K | $659K | +6.9% |
Town of Hempstead | $639.7K | $659.5K | +3.1% |
Woodmere | $985K | $962.5K | -2.3% |
Housing Supply in Hewlett, NY
How many homes are available in Hewlett, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 50 | +8.7% |
Summary: The Hewlett real estate market had 50 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Hewlett housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hewlett in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
108 Days | 93 Days | -14.3% |
Summary: Homes in Hewlett had an average of 93 days on market in Apr 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Hewlett; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.