Is North Hempstead, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Hempstead is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Hempstead was a Seller's Market.

Key Takeaway

North Hempstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Hempstead, NY

How much do homes in North Hempstead, NY cost?

Median Sold Price

$989,400

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$88,899(+9.9%)

Key Takeaway

Homes in North Hempstead have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in North Hempstead was $989,400 in November 2024, up 9.9% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $286K$316K
+10.5%
2 $590K$580K
-1.7%
3 $848.3K$975.7K
+15.0%
4 $992.5K$1.0M
+7.3%
5+ $1.5M$2.0M
+27.0%

Summary: North Hempstead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 27%.

Median Sold Price Compared To Nearby Cities

North Hempstead
+9.9%
Williston Park
+9.9%
North Hills
+7.7%
Mineola
+6.0%

Housing Supply in North Hempstead, NY

How many homes are available in North Hempstead, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
963930-3.4%

Summary: The North Hempstead real estate market had 930 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 8680
-7.0%
2 114117
+2.6%
3 242227
-6.2%
4 273268
-1.8%
5+ 248238
-4.0%

Summary: The North Hempstead housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
157111-29.3%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Hempstead, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Summary: A total of 111 homes were sold or pending in North Hempstead in November 2024, down by 29.3% month-over-month. Of the 111 sold homes, 54% were sold under asking, 12% were sold at asking, and 34% 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

Nov 2023Nov 2024CHANGE
75 Days51 Days-31.4%

Summary: Homes in North Hempstead had an average of 51 days on market in Nov 2024, down by 31.4% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Hempstead are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 111 homes were sold in North Hempstead; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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