Is Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hempstead was a Seller's Market.
Housing Prices in Hempstead, NY
How much do homes in Hempstead, NY cost?
Median Sold Price
$549,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hempstead was $549,000 in March 2024, up 5.6% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $199K | +3.4% |
2 Bedrooms | $350K | $400K | +14.3% |
3 Bedrooms | $492.5K | $540K | +9.6% |
4 Bedrooms | $540K | $570K | +5.6% |
5+ Bedrooms | $580K | $606K | +4.5% |
Summary: Hempstead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Garden City | $970K | $1.0M | +9.4% |
Hempstead | $520K | $549K | +5.6% |
Housing Supply in Hempstead, NY
How many homes are available in Hempstead, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 145 | +13.3% |
Summary: The Hempstead real estate market had 145 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 42 | 49 | +16.7% |
4 Bedrooms | 46 | 52 | +13.0% |
5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Hempstead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 22 | +120.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Hempstead in March 2024, up by 120.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Hempstead, NY
How long does it take to sell a home in Hempstead, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 63 Days | -33.6% |
Summary: Homes in Hempstead had an average of 63 days on market in Mar 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Hempstead; 55% 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.