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Featured local agent — New Hempstead, NY
Sarah Mitchell
Compass Real Estate · New Hempstead, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Hempstead, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$925,000median sale price
How is the New Hempstead, NY housing market right now?
The median home sale price in New Hempstead, NY is $925,000, up 7.5% year-over-year. Homes sell in an average of 46 days with 14 active listings. The market is currently a buyer's 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 New Hempstead a buyer's or seller's market?
New Hempstead, NY is currently a buyer's market, based on 14.0 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
46
Average pace
Active listings
14
14.0 months supply
Sale-to-list
97.0%
Below asking
What does the New Hempstead housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $925,000 |
| Median list price | $1.20M |
| Year-over-year price change | +7.5% |
| Average days on market | 46 days |
| Active inventory | 14 listings |
| Months of supply | 14.0 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $372/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 21.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in New Hempstead by property type?
How the New 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 | $925,000 | $372/sq ft | 1 | 46 days |
| Condo / Co-op | $749,000 | $344/sq ft | 1 | 435 days |
Source: Redfin · Updated monthly
The New Hempstead housing market is currently classified as a buyer's market with a median sale price of $925,000. Prices have risen 7.5% compared to last year, with homes spending an average of 46 days on market, indicating 14.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in New Hempstead
There are currently 14 homes listed for sale in New Hempstead, New York. The median listing price is $1.2M.
Active listings
14
Homes on market
Median list price
$1.2M
Avg. days on market
46
Days until sale
New this week
3
Newly listed
Who lives in New Hempstead?
Population
5,431
Median income
$131,293/yr
Median age
37.3 years
Owner-occupied
96.7%
College grads
53.4%
Avg commute
29.9 min
Source: U.S. Census Bureau ACS
What is it like to live in New Hempstead?
New Hempstead is a community of approximately 5K residents with a median age of 37.3 years.The median household income is $131,293, which reflects a relatively affluent area with strong earning potential. 53.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Hempstead offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Hempstead, NY?
Want a head-to-head view? Compare New Hempstead side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Hempstead?
The median home sale price in New Hempstead is $925,000, up 7.5% from last year.
How long do homes stay on market in New Hempstead?
Homes typically spend 46 days on market before going under contract.
What is the median income in New Hempstead?
The median household income is $131,293 per year.
Is New Hempstead a buyer's or seller's market?
With 14.0 months of supply, New Hempstead is currently a buyer's market.
What is the median condo price in New Hempstead?
The median condo/co-op sale price in New Hempstead, NY is $749,000, compared to $925,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Hempstead?
The median single-family home price in New Hempstead, NY is $925,000 (about $372 per square foot).
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