Is Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hempstead was a Neutral Market.
Housing Prices in Hempstead, NY
How much do homes in Hempstead, NY cost?
Median Sold Price
$545,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hempstead was $545,000 in February 2024, up 5.3% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $198.3K | +3.1% |
2 Bedrooms | $350K | $345.8K | -1.2% |
3 Bedrooms | $500K | $529K | +5.8% |
4 Bedrooms | $533.5K | $570K | +6.8% |
5+ Bedrooms | $579.2K | $587.5K | +1.4% |
Summary: Hempstead housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Hempstead, NY
How many homes are available in Hempstead, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
121 | 133 | +9.9% |
Summary: The Hempstead real estate market had 133 homes for sale in February 2024, a 9.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 38 | 44 | +15.8% |
4 Bedrooms | 44 | 49 | +11.4% |
5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The Hempstead housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hempstead in February 2024, down by 38.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 78 Days | +12.0% |
Summary: Homes in Hempstead had an average of 78 days on market in Feb 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Hempstead; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.