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Featured local agent — Hempstead, NY
Sarah Mitchell
Compass Real Estate · Hempstead, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hempstead, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$665,000median sale price
How is the Hempstead, NY housing market right now?
The median home sale price in Hempstead, NY is $665,000, up 8.1% year-over-year. Homes sell in an average of 41 days with 58 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hempstead a buyer's or seller's market?
Hempstead, NY is currently a balanced market, based on 4.1 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
41
Average pace
Active listings
58
4.1 months supply
Sale-to-list
101.4%
Above asking
What does the Hempstead housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $665,000 |
| Median list price | $699,000 |
| Year-over-year price change | +8.1% |
| Average days on market | 41 days |
| Active inventory | 58 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $438/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 20 |
| Listings with a price cut | 13.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hempstead by property type?
How the Hempstead, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $660,000 | $444/sq ft | 11 | 39 days |
| Condo / Co-op | $320,000 | $400/sq ft | 1 | 45 days |
Source: Redfin · Updated monthly
The Hempstead housing market is currently classified as a balanced market with a median sale price of $665,000. Prices have risen 8.1% compared to last year, with homes spending an average of 41 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.9x provides context for how home values compare to local earning capacity.
Homes for sale in Hempstead
There are currently 58 homes listed for sale in Hempstead, New York. The median listing price is $699K.
Active listings
58
Homes on market
Median list price
$699K
Avg. days on market
41
Days until sale
New this week
20
Newly listed
Who lives in Hempstead?
Population
58,569
Median income
$82,454/yr
Median age
36.5 years
Owner-occupied
45.8%
College grads
20.5%
Avg commute
32.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Hempstead?
Zillow home value
$647,376
Zillow rent index
$3,370/mo
Price-to-rent ratio
16.0x
Price-to-income
7.9x
Source: Zillow Research
What is it like to live in Hempstead?
Hempstead is a community of approximately 59K residents with a median age of 36.5 years.The median household income is $82,454, which reflects a relatively affluent area with strong earning potential. 20.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 45.8%, showing a blend of owner and renter-occupied properties. The average commute time is 32.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Hempstead offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hempstead?
11 schools tracked · 9,612 students
The largest public schools serving Hempstead, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HEMPSTEAD HIGH SCHOOL
Grades 9-12 · 1,984 students
ACADEMY CHARTER SCHOOL
Grades K-12 · 1,895 students
EVERGREEN CHARTER SCHOOL
Grades K-12 · 1,088 students
ALVERTA B GRAY SCHULTZ MIDDLE SCHOOL
Grades 7-10 · 900 students
RHODES ACADEMY OF HUMANITIES AND THE ARTS
Grades K-6 · 756 students
LAWRENCE ROAD MIDDLE SCHOOL
Grades 6-8 · 635 students
BARACK OBAMA ELEMENTARY SCHOOL
Grades 1-6 · 524 students
PROSPECT ELEMENTARY SCHOOL
Grades PK-K · 490 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hempstead, NY?
Want a head-to-head view? Compare Hempstead side-by-side with any other U.S. city using our market-comparison tool.
Is Hempstead a good real estate investment market?
For investors evaluating Hempstead, the price-to-rent ratio of 16.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 8.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hempstead's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hempstead's median home price.
Frequently asked questions
What is the average home price in Hempstead?
The median home sale price in Hempstead is $665,000, up 8.1% from last year.
How long do homes stay on market in Hempstead?
Homes typically spend 41 days on market before going under contract.
What is the median income in Hempstead?
The median household income is $82,454 per year.
Is Hempstead a buyer's or seller's market?
With 4.1 months of supply, Hempstead is currently a balanced market.
What is the Zillow home value estimate for Hempstead?
The Zillow Home Value Index (ZHVI) for Hempstead is $647,376, representing the typical home value in the area.
What is the median condo price in Hempstead?
The median condo/co-op sale price in Hempstead, NY is $320,000, compared to $660,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hempstead?
The median single-family home price in Hempstead, NY is $660,000 (about $444 per square foot).
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