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 April 2023
Since last year, Town of North Hempstead has remained a Buyer's Market.
Housing Prices in Town of North Hempstead, NY
How much do homes in Town of North Hempstead, NY cost?
Median Sold Price
$934,100
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Town of North Hempstead was $934,100 in April 2024, up 7.5% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289.5K | $289.5K | 0% |
2 Bedrooms | $528K | $546K | +3.4% |
3 Bedrooms | $852.5K | $878.2K | +3.0% |
4 Bedrooms | $970.5K | $1.0M | +7.5% |
5+ Bedrooms | $1.6M | $1.6M | 0.4% |
Summary: Town of North Hempstead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Neighborhoods
Great Neck Gardens | $1.2M | $1.5M | +22.4% |
Port Washington | $990K | $1.0M | +10.2% |
Town of North Hempstead | $868.5K | $934.1K | +7.5% |
Manhasset | $1.4M | $1.4M | +1.0% |
Roslyn Heights | $1.2M | $1.1M | -4.7% |
Housing Supply in Town of North Hempstead, NY
How many homes are available in Town of North Hempstead, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
841 | 944 | +12.2% |
Summary: The Town of North Hempstead real estate market had 944 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 104 | +28.4% |
2 Bedrooms | 86 | 91 | +5.8% |
3 Bedrooms | 187 | 212 | +13.4% |
4 Bedrooms | 232 | 264 | +13.8% |
5+ Bedrooms | 255 | 273 | +7.1% |
Summary: The Town of North Hempstead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 96 | -23.2% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Town of North Hempstead in April 2024, down by 23.2% month-over-month. Of the 96 sold homes, 57% were sold under asking, 10% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 69 Days | -27.1% |
Summary: Homes in Town of North Hempstead had an average of 69 days on market in Apr 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 96 homes were sold in Town of North Hempstead; 48% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.