Is North Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, North Hempstead was a Seller's Market.
Housing Prices in North Hempstead, NY
How much do homes in North Hempstead, NY cost?
Median Sold Price
$963,100
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in North Hempstead was $963,100 in June 2024, up 10.3% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $293K | -2.3% |
2 Bedrooms | $525K | $587.5K | +11.9% |
3 Bedrooms | $848.1K | $917.5K | +8.2% |
4 Bedrooms | $963K | $1.0M | +8.3% |
5+ Bedrooms | $1.6M | $1.7M | +6.7% |
Summary: North Hempstead housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Williston Park | $739K | $827.5K | +12.0% |
North Hempstead | $872.8K | $963.1K | +10.3% |
North Hills | $1.5M | $1.6M | +8.9% |
Mineola | $650K | $660K | +1.5% |
East Williston | $1.1M | $1.1M | -2.0% |
Housing Supply in North Hempstead, NY
How many homes are available in North Hempstead, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,041 | 1,106 | +6.2% |
Summary: The North Hempstead real estate market had 1,106 homes for sale in June 2024, a 6.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 110 | 103 | -6.4% |
2 Bedrooms | 105 | 126 | +20.0% |
3 Bedrooms | 246 | 243 | -1.2% |
4 Bedrooms | 300 | 330 | +10.0% |
5+ Bedrooms | 280 | 304 | +8.6% |
Summary: The North Hempstead housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
147 | 159 | +8.2% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
76 Homes Were Sold
Over Asking
Summary: A total of 159 homes were sold or pending in North Hempstead in June 2024, up by 8.2% month-over-month. Of the 159 sold homes, 42% were sold under asking, 10% were sold at asking, and 48% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
63 Days | 39 Days | -38.4% |
Summary: Homes in North Hempstead had an average of 39 days on market in Jun 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During June 2024, 159 homes were sold in North Hempstead; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.