Is 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, North Hempstead has remained a Buyer's Market.
Housing Prices in North Hempstead, NY
How much do homes in North Hempstead, NY cost?
Median Sold Price
$939,047
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Hempstead was $939,047 in April 2024, up 7.8% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.2K | $289.5K | -1.0% |
2 Bedrooms | $535.3K | $550K | +2.7% |
3 Bedrooms | $855K | $880K | +2.9% |
4 Bedrooms | $965.4K | $1.0M | +7.9% |
5+ Bedrooms | $1.6M | $1.6M | +0.6% |
Summary: North Hempstead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Williston Park | $739K | $825K | +11.6% |
North Hempstead | $870.7K | $939K | +7.8% |
North Hills | $1.5M | $1.5M | +1.1% |
Mineola | $655K | $655K | 0.0% |
Housing Supply in North Hempstead, NY
How many homes are available in North Hempstead, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
846 | 951 | +12.4% |
Summary: The North Hempstead real estate market had 951 homes for sale in April 2024, a 12.4% 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 | 92 | 96 | +4.3% |
3 Bedrooms | 189 | 215 | +13.8% |
4 Bedrooms | 232 | 264 | +13.8% |
5+ Bedrooms | 252 | 272 | +7.9% |
Summary: The 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 4.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 96 | -22.6% |
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 North Hempstead in April 2024, down by 22.6% 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 North Hempstead, NY
How long does it take to sell a home in North Hempstead, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 69 Days | -27.3% |
Summary: Homes in North Hempstead had an average of 69 days on market in Apr 2024, down by 27.3% 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 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.