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 buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, North Hempstead was a Seller's Market.

Key Takeaway

North Hempstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in North Hempstead, NY cost?

Median Sold Price

$879,624

$486/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$33,018(+3.9%)

Key Takeaway

Homes in North Hempstead have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $275K$292K
+6.2%
2 $549.8K$529K
-3.8%
3 $795K$854.1K
+7.4%
4 $905K$982.5K
+8.6%
5+ $1.5M$1.6M
+3.7%

Median Sold Price Compared To Nearby Cities

East Williston
+27.9%
North Hills
+8.1%
Mineola
+7.1%
North Hempstead
+3.9%
Williston Park
-3.2%

How many homes are available in North Hempstead, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
963952-1.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 95102
+7.4%
2 119111
-6.7%
3 228212
-7.0%
4 261274
+5.0%
5+ 260253
-2.7%

Number of Homes Sold

Dec 2022Jan 2023%
149107-28.2%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

18 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. 73.8% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
71 Days69 Days-3.1%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Hempstead has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Hempstead, NY

North Hempstead, NY has 952 homes for sale to choose from. The number of homes for sale in North Hempstead, NY decreased by 1.1% between December 2022 and January 2023. Listings spent 69 days on the market in January 2023, and had a median list price of $879,624 during the same period. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 6.2%, prices of 2 bedrooms properties went down by 3.8%, 3 bedrooms properties prices increased by 7.4%, 4 bedrooms properties prices increased by 8.6%, the cost of 5 bedrooms properties went up by 3.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 7.4%, the quantity of 2 bedrooms homes went down by 6.7%, volume of 3 bedrooms homes went down by 7%, 4 bedrooms homes inventory increased by 5%, the quantity of 5 bedrooms homes went down by 2.7%. In January 2023, from all listings sold in North Hempstead, NY there were more than 18 sold above asking price, over 79 sold below and more than 10 were sold right at the asked price.

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