Is Town of North Hempstead, 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, Town of North Hempstead was a Neutral Market.
Housing Prices in Town of North Hempstead, NY
How much do homes in Town of North Hempstead, NY cost?
Median Sold Price
$945,983
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Town of North Hempstead was $945,983 in May 2024, up 9.3% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $295K | 0.0% |
2 Bedrooms | $525K | $550K | +4.8% |
3 Bedrooms | $844.2K | $901K | +6.7% |
4 Bedrooms | $979K | $999K | +2.0% |
5+ Bedrooms | $1.6M | $1.7M | +4.5% |
Summary: Town of North Hempstead 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 increased by 4.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
Town of North Hempstead | $865.7K | $945.9K | +9.3% |
Port Washington | $994.4K | $1.0M | +6.8% |
Manhasset | $1.4M | $1.4M | +1.9% |
Roslyn Heights | $1.2M | $1.2M | -4.3% |
Housing Supply in Town of North Hempstead, NY
How many homes are available in Town of North Hempstead, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
918 | 1,055 | +14.9% |
Summary: The Town of North Hempstead real estate market had 1,055 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 101 | 110 | +8.9% |
2 Bedrooms | 89 | 100 | +12.4% |
3 Bedrooms | 210 | 256 | +21.9% |
4 Bedrooms | 254 | 302 | +18.9% |
5+ Bedrooms | 264 | 287 | +8.7% |
Summary: The Town of North Hempstead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 134 | +34.0% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Town of North Hempstead in May 2024, up by 34.0% month-over-month. Of the 134 sold homes, 50% were sold under asking, 13% were sold at asking, and 37% were sold over asking.
Days on Market for Town of North Hempstead, NY
How long does it take to sell a home in Town of North Hempstead, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 64 Days | +1.7% |
Summary: Homes in Town of North Hempstead had an average of 64 days on market in May 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During May 2024, 134 homes were sold in Town of North Hempstead; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.