Is North Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Hills was a Seller's Market.
Key Takeaway
North Hills 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 North Hills, NY
How much do homes in North Hills, NY cost?
Median Sold Price
$1,575,000
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Hills have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in North Hills was $1,575,000 in May 2024, up 4.8% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | - | N/A |
| 2 Bedrooms | $1.4M | $1.2M | -10.1% |
| 3 Bedrooms | $1.4M | $1.4M | +6.3% |
| 4 Bedrooms | $1.9M | $1.7M | -8.7% |
| 5+ Bedrooms | $1.8M | $2.4M | +32.4% |
Summary: North Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
| North Hempstead | $869K | $949K | +9.2% |
| North Hills | $1.5M | $1.5M | +4.8% |
| Lake Success | $1.6M | $1.6M | 0.0% |
Housing Supply in North Hills, NY
How many homes are available in North Hills, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The North Hills real estate market had 50 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The North Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in North Hills in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 63 Days | -15.2% |
Summary: Homes in North Hills had an average of 63 days on market in May 2024, down by 15.2% 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 North Hills has remained consistent over time.
Summary: During May 2024, 8 homes were sold in North Hills; 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.
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.