Is North Hempstead, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Hempstead is a neutral's market

Buyer's
Market

Difference Since December 2020

Since last year, North Hempstead has remained a Neutral Market.

Key Takeaway

North Hempstead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in North Hempstead, NY cost?

Median Sold Price

$848,091

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$17,229(+2.1%)

Key Takeaway

Homes in North Hempstead have sold for 2.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $275K$275K
0.0%
2 $530K$545K
+2.8%
3 $775.4K$795K
+2.5%
4 $877.6K$923.5K
+5.2%
5+ $1.5M$1.5M
-0.7%

Median Sold Price Compared To Nearby Cities

North Hills
+22.9%
East Williston
+13.7%
Mineola
+13.7%
Williston Park
+10.2%
North Hempstead
+2.1%

How many homes are available in North Hempstead, NY?

Number of Homes For Sale

Nov 2021Dec 2021%
1,4931,390-6.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 153140
-8.5%
2 187173
-7.5%
3 335307
-8.4%
4 448415
-7.4%
5+ 370355
-4.1%

Number of Homes Sold

Nov 2021Dec 2021%
209216+3.3%

Asking Price vs. Sold Price

145 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Hempstead, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
79 Days73 Days-6.6%

Breakdown of Home Sale Times

80 Homes Were Sold
Under 30 Days

76 Homes Were Sold
In 30 - 90 Days

60 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Hempstead are selling fast, if you're buying plan to act quickly.

About North Hempstead, NY

North Hempstead, NY has 1,390 homes on the market. The number of listings in North Hempstead, NY decreased by 6.9% between November 2021 and December 2021. In December 2021 median list price was $848,091 and the average listing age was 73 days. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties did not move, prices of 2 bedrooms properties increased by 2.8%, prices of 3 bedrooms properties increased by 2.5%, 4 bedrooms properties became 5.2% more expensive, 5 bedrooms properties became 0.7% more cheaper. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 8.5%, 2 bedrooms homes inventory decreased by 7.5%, volume of 3 bedrooms homes went down by 8.4%, 4 bedrooms homes inventory decreased by 7.4%, number of 5 bedrooms homes decreased by 4.1%. In December 2021 more than 51 listings in North Hempstead, NY were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 145 were sold below.

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