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 seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

North Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in North Hills, NY cost?

Median Sold Price

$1,457,500

$468/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$207,500(+16.6%)

Key Takeaway

Homes in North Hills have sold for 16.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $480K$585K
+21.9%
2 $818.5K$1.2M
+47.8%
3 $1.2M$1.3M
+10.9%
4 $1.6M$1.8M
+8.8%
5+ $2.2M$1.8M
-17.9%

Median Sold Price Compared To Nearby Cities

Lake Success
+23.4%
North Hills
+16.6%
North Hempstead
+3.1%

How many homes are available in North Hills, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
5762+8.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 2321
-8.7%
3 1924
+26.3%
4 57
+40.0%
5+ 1010
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
612+100.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 75% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
38 Days57 Days+49.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 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.

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

About North Hills, NY

Homes for sale in North Hills, NY have reached 62. The inventory of homes for sale in North Hills, NY between September 2022 and October 2022 increased by 8.8%. The median list price of listings available in October 2022 was $1,457,500, while the average time on the real estate market was 57 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 21.9%, 2 bedrooms properties became 47.8% more expensive, 3 bedrooms properties became 10.9% more expensive, the cost of 4 bedrooms properties went up by 8.8%, 5 bedrooms properties prices decreased by 17.9%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 8.7%, 3 bedrooms homes became 26.3% more available, 4 bedrooms homes inventory increased by 40%, 5 bedrooms homes did not move. In October 2022, from all listings sold in North Hills, NY there were more than 3 sold above asking price, over 9 sold below and more than 0 were sold right at the asked price.

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