$3,919 Closing Credit*
$329,995
3,355 SqFt
4 Beds
•4 Full Baths
Joel Cirilo III, Listing Office: Keller Williams Preferred
Is Hempstead, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$287,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+4.4%)
Key Takeaway
Homes in Hempstead have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Hempstead was $287,000 in November 2024, up 4.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $502.5K | +58.3% |
| 2 Bedrooms | $205K | $177.5K | -13.4% |
| 3 Bedrooms | $278K | $295K | +6.1% |
| 4 Bedrooms | $270K | $299.5K | +10.9% |
| 5+ Bedrooms | $238.5K | $377.4K | +58.3% |
Summary: Hempstead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.3%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 58.3%.
Median Sold Price Compared To Nearby Cities
| Hempstead | $275K | $287K | +4.4% |
| Prairie View-Waller | $377.2K | $375K | -0.6% |
Housing Supply in Hempstead, TX
How many homes are available in Hempstead, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 88 | +11.4% |
Summary: The Hempstead real estate market had 88 homes for sale in November 2024, a 11.4% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 55 | 59 | +7.3% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 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 increased by 25%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
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 November 2024, down by 20.0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 86 Days | +95.5% |
Summary: Homes in Hempstead had an average of 86 days on market in Nov 2024, up by 95.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hempstead has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Hempstead; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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