76 homes sold in Lake Hiawatha in the last year, at a typical $537K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Hiawatha homes are listed.
Every place Lake Hiawatha homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Hiawatha.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 95% of Lake Hiawatha’s sales, at a typical $540K (year to May 2026)
76 homes sold in the year to September 2026.
typical sale · 71 sold in the year to May 2026
- Per square foot
- $370NJ $331
- Days to sell
- 32
- Sold over asking
- 63%
- Listings with a price cut
- 18%
Condos: 4 sold, typical $257K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
76 sales in the last year, against 120 in 2017 and a low of 65 in 2024. The typical sale went from $279K in 2016 to $537K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $550K buys in Lake Hiawatha
Check a listing against what Lake Hiawatha homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Hiawatha are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Lake Hiawatha’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 76 sales.
If you’re buying in Lake Hiawatha
- Shop in July. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (49% over asking).
- Expect to bid over asking. Buyers paid 102.2% of the list price on average; 60% paid over.
- You’ll usually have time. Only 29% of homes go under contract within two weeks; the typical one takes 26 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 12 a month), and the most competition: 52% close over asking. January has the least competition (36%) but only about 6 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Lake Hiawatha now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 60% | 35% | 63% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 29% | 2% | 5% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 102.2% | 98.6% | 102.2% | 100.9% |
| Days to sellMedian days from listing to contract | 26 | 88 | 66 | 46 |
11 homes for sale on a typical day
That’s 1.4 times the 2023 low (8), 69% fewer than in 2017–19 and well under 2016’s 43.
Lake Hiawatha ranks 83rd of 300 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Hiawatha is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Hiawatha home costs about $3,625 a month
Price: Lake Hiawatha’s typical sale, last 12 months. Property tax at Lake Hiawatha’s 1.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Hiawatha is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $537K home, about $9,880 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Lake Hiawatha.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Parsippany and Boonton sell for less a square foot
The busier markets within 25 miles of Lake Hiawatha, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Montville Township | 217 | $842K | $383 | 61% | 36 |
| Parsippany | 104 | $716K | $369 | 54% | 29 |
| Boonton | 81 | $680K | $356 | 64% | 27 |
| Lake Hiawatha | 76 | $537K | $384 | 60% | 26 |
| Mountain Lakes | 52 | $1.2M | $424 | 53% | 29 |
| Troy Hills | 42 | $843K | $379 | 66% | 30 |
| Pine Brook | 34 | $953K | $386 | 81% | 22 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Hiawatha, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Hiawatha. People who follow the town see it, and so do people comparing Lake Hiawatha with their own town. No commission, no listing fee.
Questions about buying a home in Lake Hiawatha
What do homes sell for in Lake Hiawatha, NJ?
76 homes sold in the year to September 2026 at a typical $537K, $384 a square foot.
Is Lake Hiawatha a buyer’s or seller’s market?
A seller’s market: 19 homes were for sale in September 2026 and 8 sold, about 2.4 months of supply. Buyers paid 102.2% of asking on average.
When is the best time to buy in Lake Hiawatha?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Hiawatha?
About 1.8% of a home’s value a year. On a $537K home that’s near $9,880.
Where can I see homes for sale in Lake Hiawatha?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Hiawatha’s MLS listings; the search links above open each one filtered to Lake Hiawatha.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).