Is Town of 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, Town of Hempstead was a Seller's Market.
Housing Prices in Town of Hempstead, NY
How much do homes in Town of Hempstead, NY cost?
Median Sold Price
$665,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Town of Hempstead was $665,000 in May 2024, up 4.4% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $290K | +7.8% |
2 Bedrooms | $480K | $490K | +2.1% |
3 Bedrooms | $616.1K | $641.6K | +4.1% |
4 Bedrooms | $669.4K | $694.7K | +3.8% |
5+ Bedrooms | $764.3K | $835K | +9.2% |
Summary: Town of Hempstead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
Town of Hempstead | $636.8K | $665K | +4.4% |
Baldwin Harbor | $640K | $660.2K | +3.2% |
Oceanside | $642K | $651.5K | +1.5% |
Baldwin | $591K | $599.5K | +1.4% |
Rockville Center | $753K | $745K | -1.1% |
Housing Supply in Town of Hempstead, NY
How many homes are available in Town of Hempstead, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,584 | 2,883 | +11.6% |
Summary: The Town of Hempstead real estate market had 2,883 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 141 | 154 | +9.2% |
2 Bedrooms | 251 | 276 | +10.0% |
3 Bedrooms | 781 | 903 | +15.6% |
4 Bedrooms | 932 | 997 | +7.0% |
5+ Bedrooms | 479 | 553 | +15.4% |
Summary: The Town of Hempstead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
352 | 352 | 0.0% |
Asking Price vs. Sold Price
142 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
183 Homes Were Sold
Over Asking
Summary: A total of 352 homes were sold or pending in Town of Hempstead in May 2024, the same as the previous month. Of the 352 sold homes, 40% were sold under asking, 8% were sold at asking, and 52% were sold over asking.
Days on Market for Town of Hempstead, NY
How long does it take to sell a home in Town of Hempstead, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 52 Days | -14.0% |
Summary: Homes in Town of Hempstead had an average of 52 days on market in May 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
198 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
73 Homes Were Sold
Over 90 Days
Summary: During May 2024, 352 homes were sold in Town of Hempstead; 56% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.