Is Town of Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Town of Hempstead has remained a Buyer's Market.
Housing Prices in Town of Hempstead, NY
How much do homes in Town of Hempstead, NY cost?
Median Sold Price
$659,509
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Town of Hempstead was $659,509 in April 2024, up 3.1% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $288.5K | +6.9% |
2 Bedrooms | $480.7K | $484K | +0.7% |
3 Bedrooms | $618.4K | $639.2K | +3.4% |
4 Bedrooms | $670K | $685.1K | +2.3% |
5+ Bedrooms | $764K | $824.8K | +8.0% |
Summary: Town of Hempstead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
Town of Hempstead | $639.7K | $659.5K | +3.1% |
Baldwin Harbor | $640K | $655K | +2.3% |
Oceanside | $642.5K | $650K | +1.2% |
Rockville Center | $760K | $761K | 0.1% |
Baldwin | $595K | $593K | -0.3% |
Housing Supply in Town of Hempstead, NY
How many homes are available in Town of Hempstead, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,412 | 2,628 | +9.0% |
Summary: The Town of Hempstead real estate market had 2,628 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 138 | 140 | +1.4% |
2 Bedrooms | 227 | 259 | +14.1% |
3 Bedrooms | 730 | 783 | +7.3% |
4 Bedrooms | 861 | 944 | +9.6% |
5+ Bedrooms | 456 | 502 | +10.1% |
Summary: The Town of Hempstead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 10.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
348 | 333 | -4.3% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Summary: A total of 333 homes were sold or pending in Town of Hempstead in April 2024, down by 4.3% month-over-month. Of the 333 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% were sold over asking.
Days on Market for Town of Hempstead, NY
How long does it take to sell a home in Town of Hempstead, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 53 Days | -19.4% |
Summary: Homes in Town of Hempstead had an average of 53 days on market in Apr 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
60 Homes Were Sold
Over 90 Days
Summary: During April 2024, 333 homes were sold in Town of Hempstead; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.