$10,000 Closing Credit*
$1,049,999
2,575 SqFt
5 Beds
•3 Full Baths
Listing Office: eRealty Advisors, Inc
Is New Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Hempstead has remained a Buyer's Market.
Key Takeaway
New Hempstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Hempstead, NY
How much do homes in New Hempstead, NY cost?
Median Sold Price
$920,000
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$107,500(+13.2%)
Key Takeaway
Homes in New Hempstead have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in New Hempstead was $920,000 in October 2024, up 13.2% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $725K | $714.5K | -1.4% |
| 4 Bedrooms | $820K | $920K | +12.2% |
| 5+ Bedrooms | $831K | $1.0M | +31.4% |
Summary: New Hempstead housing prices by bedroom type for October 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 decreased by 1.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Cities
| New Hempstead | $812.5K | $920K | +13.2% |
| New City | $670K | $744.1K | +11.1% |
| Wesley Hills | $892.5K | $977.5K | +9.5% |
| Monsey | $887.5K | $895K | +0.8% |
Housing Supply in New Hempstead, NY
How many homes are available in New Hempstead, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The New Hempstead real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The New Hempstead housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Hempstead, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in New Hempstead in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 32 Days | -40.5% |
Summary: Homes in New Hempstead had an average of 32 days on market in Oct 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Hempstead are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in New Hempstead; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.