Is New Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Hempstead has remained a Buyer's Market.
Housing Prices in New Hempstead, NY
How much do homes in New Hempstead, NY cost?
Median Sold Price
$840,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Hempstead was $840,000 in May 2024, up 4.7% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $698.9K | $725K | +3.7% |
4 Bedrooms | $799K | $908.5K | +13.7% |
5+ Bedrooms | $860K | $1.2M | +45.3% |
Summary: New Hempstead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 45.3%.
Median Sold Price Compared To Nearby Cities
Wesley Hills | $850K | $976.5K | +14.9% |
Monsey | $820K | $892K | +8.8% |
New City | $658.6K | $706K | +7.2% |
New Hempstead | $802K | $840K | +4.7% |
Housing Supply in New Hempstead, NY
How many homes are available in New Hempstead, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Summary: The New Hempstead real estate market had 24 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The New Hempstead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Hempstead in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for New Hempstead, NY
How long does it take to sell a home in New Hempstead, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 126 Days | +687.5% |
Summary: Homes in New Hempstead had an average of 126 days on market in May 2024, up by 687.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in New Hempstead; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.