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Featured local agent — Lake Hiawatha, NJ
Sarah Mitchell
Compass Real Estate · Lake Hiawatha, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Hiawatha, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$805,000median sale price
How is the Lake Hiawatha, NJ housing market right now?
The median home sale price in Lake Hiawatha, NJ is $805,000, up 26.8% year-over-year. Homes sell in an average of 11 days with 9 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Hiawatha a buyer's or seller's market?
Lake Hiawatha, NJ is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
11
Fast-moving
Active listings
9
1.8 months supply
Sale-to-list
104.0%
Above asking
What does the Lake Hiawatha housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $805,000 |
| Median list price | $587,500 |
| Year-over-year price change | +26.8% |
| Average days on market | 11 days |
| Active inventory | 9 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 104.0% |
| Median price per sq ft | $419/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 8 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Hiawatha by property type?
How the Lake Hiawatha, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $805,000 | $419/sq ft | 5 | 11 days |
| Condo / Co-op | $333,000 | $244/sq ft | 1 | 142 days |
Source: Redfin · Updated monthly
The Lake Hiawatha housing market is currently classified as a strong seller's market with a median sale price of $805,000. Prices have risen 26.8% compared to last year, with homes spending an average of 11 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Hiawatha
There are currently 9 homes listed for sale in Lake Hiawatha, New Jersey. The median listing price is $588K.
Active listings
9
Homes on market
Median list price
$588K
Avg. days on market
11
Days until sale
New this week
8
Newly listed
Who lives in Lake Hiawatha?
Population
10,406
Median income
$101,500/yr
Median age
40.3 years
Owner-occupied
60.8%
College grads
51.0%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Hiawatha?
Zillow rent index
$2,800/mo
Source: Zillow Research
What is it like to live in Lake Hiawatha?
Lake Hiawatha is a community of approximately 10K residents with a median age of 40.3 years.The median household income is $101,500, which reflects a relatively affluent area with strong earning potential. 51.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.8%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Hiawatha offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Hiawatha?
2 schools tracked · 851 students
The largest public schools serving Lake Hiawatha, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lake Hiawatha Elementary School
Grades PK-5 · 462 students
Knollwood Elementary School
Grades K-5 · 389 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Hiawatha, NJ?
Want a head-to-head view? Compare Lake Hiawatha side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Hiawatha?
The median home sale price in Lake Hiawatha is $805,000, up 26.8% from last year.
How long do homes stay on market in Lake Hiawatha?
Homes typically spend 11 days on market before going under contract.
What is the median income in Lake Hiawatha?
The median household income is $101,500 per year.
Is Lake Hiawatha a buyer's or seller's market?
With 1.8 months of supply, Lake Hiawatha is currently a strong seller's market.
What is the median condo price in Lake Hiawatha?
The median condo/co-op sale price in Lake Hiawatha, NJ is $333,000, compared to $805,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Hiawatha?
The median single-family home price in Lake Hiawatha, NJ is $805,000 (about $419 per square foot).
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