Town of Hempstead Housing Market Report January 2025•Nassau County, New York

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Housing Prices in Town of Hempstead, NY

How much do homes in Town of Hempstead, NY cost?

Housing Market Conditions

Is Town of Hempstead, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Town of Hempstead is a Seller's Market

Difference Since January 2024

Since last year, Town of Hempstead has remained a Seller's Market.

Insight

Town of Hempstead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$715,001$434/SqFt
+$68,765
+10.6%

Based on all homes sold in the last 12 months

Insight

Homes in Town of Hempstead have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Town of Hempstead was $715,001 in January 2025, up 10.6% from last year, and the median price per square foot was $434.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Baldwin
+11.1%
Baldwin Harbor
+10.9%
Town of Hempstead
+10.6%
Oceanside
+8.7%
Rockville Center
+4.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$282.5K$290K
+2.7%
2$480K$530K
+10.4%
3$629.2K$685.3K
+8.9%
4$672.2K$739.4K
+10.0%
5$799.9K$892.5K
+11.6%

Summary: Town of Hempstead housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.7%. The home price for 2 bedroom homes increased by +10.4%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +10.0%. The home price for 5 bedroom homes increased by +11.6%.

Housing supply in Town of Hempstead, NY

How many homes are available in Town of Hempstead, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2,065Last MonthJan 2025
2,3452 months agoDec 2024
-11.9 %
Change MoMDec – Jan

Summary: The Town of Hempstead real estate market had 2,065 homes for sale in Jan 2025, a 11.9 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
386Last MonthJan 2025
4162 months agoDec 2024
-7.2 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
1130118
-9.2%
2198184
-7.1%
3698588
-15.8%
4825713
-13.6%
5494462
-6.5%

Summary: Town of Hempstead housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -9.2%. The inventory for 2 bedroom homes decreased by -7.1%. The inventory for 3 bedroom homes decreased by -15.8%. The inventory for 4 bedroom homes decreased by -13.6%. The inventory for 5 bedroom homes decreased by -6.5%.

Asking Price vs. Sold Price

How much do homes in Town of Hempstead, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price205 Homes

At Asking Price37 Homes

Under Asking Price144 Homes

Insight

If you're buying a home in Town of Hempstead, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

Summary: A total of 386 homes were sold or pending in Town of Hempstead in January 2025, down by 7.2% month-over-month. Of the 386 sold homes, 37% were sold under asking, 10% were sold at asking, and and 53% were sold over asking.

Days on Market for Town of Hempstead, NY

How long does it take to sell a home in Town of Hempstead, NY?

Breakdown of Home Sale Times

Under 30 Days170 Homes

30 – 90 Days134 Homes

Over 90 Days82 Homes

Insight

Many homes in Town of Hempstead are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 386 homes were sold in Town of Hempstead; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
56 DaysThis YearJan 2025
65 Days1 year agoJan 2024
-13.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Town of Hempstead had an average listing age of 56 days in Jan 2025, down by 13.6% compared to the previous year.

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Newest Listings in Town of Hempstead, NY

What homes are available in Town of Hempstead, NY?

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Based on information from OneKey MLS, Brooklyn MLS, New York State Alliance of MLS, and Global MLS for the period 02/01/2023 - 02/01/2025

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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/24/2025, 1:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/24/2025, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/24/2025, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.