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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Hills is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Hills, NY

How much do homes in North Hills, NY cost?

Median Sold Price

$1,680,000

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$120,000(+7.7%)

Key Takeaway

Homes in North Hills have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in North Hills was $1,680,000 in November 2024, up 7.7% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $1.3M$1.2M
-8.1%
3 $1.4M$1.4M
+0.7%
4 $1.9M$1.8M
-4.6%
5+ $1.9M$2.9M
+53.7%

Summary: North Hills 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 decreased by 8.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 53.7%.

Median Sold Price Compared To Nearby Cities

North Hempstead
+9.9%
North Hills
+7.7%

Housing Supply in North Hills, NY

How many homes are available in North Hills, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4544-2.2%

Summary: The North Hills real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2526
+4.0%
4 97
-22.2%
5+ 32
-33.3%

Summary: The North Hills 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 increased by 12.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in North Hills in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for North Hills, NY

How long does it take to sell a home in North Hills, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days35 Days-40.4%

Summary: Homes in North Hills had an average of 35 days on market in Nov 2024, down by 40.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in North Hills; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in North Hills, NY

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