Is Hempstead, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hempstead was a Seller's Market.
Key Takeaway
Hempstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hempstead, TX
How much do homes in Hempstead, TX cost?
Median Sold Price
$282,640
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hempstead have sold for 19% more than they did a year ago.
Summary: The median home sold price in Hempstead was $282,640 in April 2024, up 19% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $517.5K | +81.6% |
| 2 Bedrooms | $186.5K | $182.5K | -2.1% |
| 3 Bedrooms | $242.9K | $289K | +18.9% |
| 4 Bedrooms | $275K | $265.4K | -3.5% |
| 5+ Bedrooms | $229K | $389.9K | +70.3% |
Summary: Hempstead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.6%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 70.3%.
Median Sold Price Compared To Nearby Cities
| Hempstead | $237.5K | $282.6K | +19.0% |
| Prairie View-Waller | $408K | $384.4K | -5.8% |
Housing Supply in Hempstead, TX
How many homes are available in Hempstead, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 113 | +2.7% |
Summary: The Hempstead real estate market had 113 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 60 | 61 | +1.7% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Hempstead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hempstead, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Hempstead in April 2024, down by 28.6% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Hempstead, TX
How long does it take to sell a home in Hempstead, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 40 Days | -47.1% |
Summary: Homes in Hempstead had an average of 40 days on market in Apr 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hempstead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Hempstead; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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