$18,000
0.14 Acres
Land
Timothy Phelan, Listing Office: Waller County Land Co.
Is Hempstead, TX 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, Hempstead has remained a Buyer's Market.
Key Takeaway
Hempstead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hempstead, TX
How much do homes in Hempstead, TX cost?
Median Sold Price
$295,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,210(+7.0%)
Key Takeaway
Homes in Hempstead have sold for 7% more than they did a year ago.
Summary: The median home sold price in Hempstead was $295,000 in October 2024, up 7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $685K | +140.4% |
| 2 Bedrooms | $194.2K | $177.5K | -8.6% |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $280.5K | $299.5K | +6.8% |
| 5+ Bedrooms | $238.5K | $365K | +53.0% |
Summary: Hempstead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 53%.
Median Sold Price Compared To Nearby Cities
| Hempstead | $275.7K | $295K | +7.0% |
| Prairie View-Waller | $375K | $378.4K | +0.9% |
Housing Supply in Hempstead, TX
How many homes are available in Hempstead, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 87 | +14.5% |
Summary: The Hempstead real estate market had 87 homes for sale in October 2024, a 14.5% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 54 | 61 | +13.0% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 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 decreased by 28.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hempstead, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hempstead in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Hempstead, TX
How long does it take to sell a home in Hempstead, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 88 Days | +29.9% |
Summary: Homes in Hempstead had an average of 88 days on market in Oct 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hempstead are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Hempstead; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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