Is Town of North Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Town of North Hempstead has remained a Neutral Market.
Housing Prices in Town of North Hempstead, NY
How much do homes in Town of North Hempstead, NY cost?
Median Sold Price
$914,329
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Town of North Hempstead was $914,329 in March 2024, up 3.4% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289K | $287.5K | -0.5% |
2 Bedrooms | $527.5K | $536.5K | +1.7% |
3 Bedrooms | $858.6K | $862K | 0.4% |
4 Bedrooms | $985K | $995.7K | +1.1% |
5+ Bedrooms | $1.6M | $1.7M | +1.3% |
Summary: Town of North Hempstead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
Port Washington | $998.8K | $1.0M | +6.6% |
Manhasset | $1.4M | $1.5M | +4.7% |
Town of North Hempstead | $884.6K | $914.3K | +3.4% |
Roslyn Heights | $1.3M | $1.1M | -9.8% |
Housing Supply in Town of North Hempstead, NY
How many homes are available in Town of North Hempstead, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
789 | 849 | +7.6% |
Summary: The Town of North Hempstead real estate market had 849 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 83 | 83 | 0.0% |
2 Bedrooms | 81 | 85 | +4.9% |
3 Bedrooms | 183 | 189 | +3.3% |
4 Bedrooms | 211 | 232 | +10.0% |
5+ Bedrooms | 231 | 260 | +12.6% |
Summary: The Town of North Hempstead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 125 | +12.6% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Town of North Hempstead in March 2024, up by 12.6% month-over-month. Of the 125 sold homes, 64% were sold under asking, 5% were sold at asking, and 31% were sold over asking.
Days on Market for Town of North Hempstead, NY
How long does it take to sell a home in Town of North Hempstead, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 78 Days | -5.5% |
Summary: Homes in Town of North Hempstead had an average of 78 days on market in Mar 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During March 2024, 125 homes were sold in Town of North Hempstead; 34% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.