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 September 2023

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.

Housing Prices in North Hills, NY

How much do homes in North Hills, NY cost?

Median Sold Price

$1,760,000

$536/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$285,000(+19.3%)

Key Takeaway

Homes in North Hills have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in North Hills was $1,760,000 in September 2024, up 19.3% from last year, and the median price per square foot was $536.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $1.2M$1.2M
+3.3%
3 $1.3M$1.5M
+19.3%
4 $1.9M$1.8M
-4.6%
5+ $2.2M$2.8M
+26.0%

Summary: North Hills housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Cities

North Hills
+19.3%
North Hempstead
+11.7%

Housing Supply in North Hills, NY

How many homes are available in North Hills, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5148-5.9%

Summary: The North Hills real estate market had 48 homes for sale in September 2024, a 5.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 127
-41.7%
3 2528
+12.0%
4 88
0.0%
5+ 65
-16.7%

Summary: The North Hills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in North Hills in September 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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

Sep 2023Sep 2024CHANGE
32 Days24 Days-24.1%

Summary: Homes in North Hills had an average of 24 days on market in Sep 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were 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 September 2024, 10 homes were sold in North Hills; 80% of homes were sold within 30 days, 20% 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 Sep 1, 2024

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