Is Town of Hempstead, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Town of Hempstead is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Town of Hempstead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Town of Hempstead, NY

How much do homes in Town of Hempstead, NY cost?

Median Sold Price

$690,124

$425/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$59,706(+9.5%)

Key Takeaway

Homes in Town of Hempstead have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Town of Hempstead was $690,124 in September 2024, up 9.5% from last year, and the median price per square foot was $425.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $280K$290K
+3.6%
2 $475K$501.5K
+5.6%
3 $616.5K$667.3K
+8.2%
4 $661.1K$720K
+8.9%
5+ $765.5K$869.6K
+13.6%

Summary: Town of Hempstead housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Neighborhoods

Town of Hempstead
+9.5%
Baldwin
+8.5%
Oceanside
+7.9%
Baldwin Harbor
+4.3%
Rockville Center
-1.3%

Housing Supply in Town of Hempstead, NY

How many homes are available in Town of Hempstead, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2,8572,903+1.6%

Summary: The Town of Hempstead real estate market had 2,903 homes for sale in September 2024, a 1.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 129137
+6.2%
2 239241
+0.8%
3 889884
-0.6%
4 1,0531,050
-0.3%
5+ 547591
+8.0%

Summary: The Town of Hempstead housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
479426-11.1%

Asking Price vs. Sold Price

149 Homes Were Sold
Under Asking

54 Homes Were Sold
At Asking

223 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Town of Hempstead, you could pay more than the asking price. 52.3% of homes here sold above asking price last month.

Summary: A total of 426 homes were sold or pending in Town of Hempstead in September 2024, down by 11.1% month-over-month. Of the 426 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% 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

Sep 2023Sep 2024CHANGE
54 Days46 Days-13.9%

Summary: Homes in Town of Hempstead had an average of 46 days on market in Sep 2024, down by 13.9% compared to last year.

Breakdown of Home Sale Times

237 Homes Were Sold
Under 30 Days

137 Homes Were Sold
In 30 - 90 Days

52 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Town of Hempstead are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 426 homes were sold in Town of Hempstead; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% 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 30 Days Ago

Newest Listings in Town of Hempstead, NY

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