Is Hewitt, MN 56453 a buyer’s or seller’s market?
Hewitt is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hewitt housing market right now
In the three months ending August 31, 2026, 0% of homes in Hewitt, MN 56453 sold above their list price, the typical home went under contract in 10 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (45 days then) and the median sale price fell 36% to $259,388. Overall, Hewitt is more competitive than a year ago, so tougher for buyers.
Within Otter Tail County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Deer Creek 56527 (50% sold over asking) and New York Mills 56567 (38% sold over asking) are even more competitive.
Run the numbers for 56453
Nearby markets
Battle Lake 56515Balanced $251 /sq ftBluffton 56518Buyer’s market $170 /sq ftClitherall 56524Seller’s market $215 /sq ftDalton 56324Seller’s market $160 /sq ft Browse all markets →Where Hewitt is
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Questions about Hewitt real estate
Is Hewitt a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Hewitt, MN 56453 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hewitt?
The typical home went under contract in 10 days in the latest three months.
Do homes in Hewitt sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Hewitt?
About 0.77% of a home’s value a year in Otter Tail County, or roughly $3,080 on a $400,000 home.
What is the median home price in Hewitt?
The median sale price was $259,388 in the three months ending August 31, 2026, about $230 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology