$10,000 Closing Credit*
$1,400,000
3,258 SqFt
5 Beds
•4 Full Baths
Listing Office: Q Home Sales
Is New Hempstead, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Hempstead was a Buyer's Market.
Key Takeaway
New Hempstead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Hempstead, NY
How much do homes in New Hempstead, NY cost?
Median Sold Price
$925,000
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$112,500(+13.8%)
Key Takeaway
Homes in New Hempstead have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in New Hempstead was $925,000 in November 2024, up 13.8% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $730K | $714.5K | -2.1% |
| 4 Bedrooms | $820K | $920K | +12.2% |
| 5+ Bedrooms | $802K | $1.1M | +47.8% |
Summary: New Hempstead housing prices by bedroom type for November 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 2.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 47.8%.
Median Sold Price Compared To Nearby Cities
| New Hempstead | $812.5K | $925K | +13.8% |
| New City | $676.2K | $750K | +10.9% |
| Wesley Hills | $922.5K | $975K | +5.7% |
| Monsey | $880.5K | $902.5K | +2.5% |
Housing Supply in New Hempstead, NY
How many homes are available in New Hempstead, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Summary: The New Hempstead real estate market had 19 homes for sale in November 2024, a 26.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The New Hempstead housing inventory by bedroom type for November 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 decreased by 28.6%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Hempstead, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Hempstead in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 59 Days | +97.8% |
Summary: Homes in New Hempstead had an average of 59 days on market in Nov 2024, up by 97.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Hempstead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in New Hempstead; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.