Is New Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New Hempstead has remained a Seller's Market.
Housing Prices in New Hempstead, NY
How much do homes in New Hempstead, NY cost?
Median Sold Price
$882,500
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Hempstead was $882,500 in February 2024, up 9.5% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $615K | $730K | +18.7% |
4 Bedrooms | $799.9K | $908.5K | +13.6% |
5+ Bedrooms | $865K | $980K | +13.3% |
Summary: New Hempstead housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
New Hempstead | $806K | $882.5K | +9.5% |
Wesley Hills | $825K | $900K | +9.1% |
Monsey | $801.5K | $872.5K | +8.9% |
New City | $659.7K | $684K | +3.7% |
Housing Supply in New Hempstead, NY
How many homes are available in New Hempstead, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The New Hempstead real estate market had 17 homes for sale in February 2024, a 10.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The New Hempstead housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in New Hempstead in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for New Hempstead, NY
How long does it take to sell a home in New Hempstead, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 20 Days | -57.5% |
Summary: Homes in New Hempstead had an average of 20 days on market in Feb 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in New Hempstead; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.