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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Hills is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, North Hills has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in North Hills, NY

How much do homes in North Hills, NY cost?

Median Sold Price

$1,547,000

$478/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,000(+1.1%)

Key Takeaway

Homes in North Hills have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in North Hills was $1,547,000 in February 2024, up 1.1% from last year, and the median price per square foot was $478.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $585K-
N/A
2 $1.2M$1.2M
-7.3%
3 $1.4M$1.4M
+4.6%
4 $1.8M$1.8M
+0.8%
5+ $1.8M$2.6M
+40.5%

Summary: North Hills 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 decreased by 7.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 40.5%.

Median Sold Price Compared To Nearby Cities

North Hempstead
+2.4%
North Hills
+1.1%

Housing Supply in North Hills, NY

How many homes are available in North Hills, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3740+8.1%

Summary: The North Hills real estate market had 40 homes for sale in February 2024, a 8.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 1519
+26.7%
4 65
-16.7%
5+ 75
-28.6%

Summary: The North Hills 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 increased by 22.2%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in North Hills in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Hills, NY

How long does it take to sell a home in North Hills, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days38 Days-26.7%

Summary: Homes in North Hills had an average of 38 days on market in Feb 2024, down by 26.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in North Hills; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in North Hills, NY

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