Is North Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Hempstead has remained a Neutral Market.
Housing Prices in North Hempstead, NY
How much do homes in North Hempstead, NY cost?
Median Sold Price
$919,213
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Hempstead was $919,213 in March 2024, up 3.4% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289.2K | $287.5K | -0.6% |
2 Bedrooms | $555K | $549K | -1.1% |
3 Bedrooms | $859.8K | $868.5K | +1.0% |
4 Bedrooms | $982.8K | $995.7K | +1.3% |
5+ Bedrooms | $1.6M | $1.6M | +1.2% |
Summary: North Hempstead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Williston Park | $754.5K | $823K | +9.1% |
North Hempstead | $888.5K | $919.2K | +3.4% |
Mineola | $650K | $660K | +1.5% |
North Hills | $1.5M | $1.5M | +1.2% |
Housing Supply in North Hempstead, NY
How many homes are available in North Hempstead, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
796 | 855 | +7.4% |
Summary: The North Hempstead real estate market had 855 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 83 | 83 | 0.0% |
2 Bedrooms | 86 | 91 | +5.8% |
3 Bedrooms | 187 | 192 | +2.7% |
4 Bedrooms | 211 | 232 | +10.0% |
5+ Bedrooms | 229 | 257 | +12.2% |
Summary: The North Hempstead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 124 | +10.7% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in North Hempstead in March 2024, up by 10.7% month-over-month. Of the 124 sold homes, 65% were sold under asking, 5% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 78 Days | -6.1% |
Summary: Homes in North Hempstead had an average of 78 days on market in Mar 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During March 2024, 124 homes were sold in North Hempstead; 34% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.