Is North Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Hempstead was a Neutral Market.
Housing Prices in North Hempstead, NY
How much do homes in North Hempstead, NY cost?
Median Sold Price
$949,063
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Hempstead was $949,063 in May 2024, up 9.2% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $296.5K | $295K | -0.5% |
2 Bedrooms | $530K | $587.5K | +10.8% |
3 Bedrooms | $847.7K | $903K | +6.5% |
4 Bedrooms | $980.3K | $999K | +1.9% |
5+ Bedrooms | $1.6M | $1.7M | +4.4% |
Summary: North Hempstead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Williston Park | $738K | $825K | +11.8% |
North Hempstead | $869K | $949K | +9.2% |
North Hills | $1.5M | $1.5M | +4.8% |
Mineola | $650K | $655K | +0.8% |
East Williston | $1.1M | $1.1M | -2.2% |
Housing Supply in North Hempstead, NY
How many homes are available in North Hempstead, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
926 | 1,063 | +14.8% |
Summary: The North Hempstead real estate market had 1,063 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 101 | 110 | +8.9% |
2 Bedrooms | 93 | 104 | +11.8% |
3 Bedrooms | 215 | 261 | +21.4% |
4 Bedrooms | 254 | 302 | +18.9% |
5+ Bedrooms | 263 | 286 | +8.7% |
Summary: The North Hempstead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 137 | +37.0% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in North Hempstead in May 2024, up by 37.0% month-over-month. Of the 137 sold homes, 51% were sold under asking, 13% were sold at asking, and 36% were sold over asking.
Days on Market for North Hempstead, NY
How long does it take to sell a home in North Hempstead, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 69 Days | +8.5% |
Summary: Homes in North Hempstead had an average of 69 days on market in May 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During May 2024, 137 homes were sold in North Hempstead; 53% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.