The Hempstead housing market is very competitive. The median sale price of a home in Hempstead was $615K last month, up 2.5% since last year. The median sale price per square foot in Hempstead is $464, up 13.0% since last year.
What is the housing market like in Hempstead today?
In May 2025, Hempstead home prices were up 2.5% compared to last year, selling for a median price of $615K. On average, homes in Hempstead sell after 50 days on the market compared to 33 days last year. There were 19 homes sold in May this year, up from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$615,000
+2.5% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Hempstead, NY
$615,000
+2.5%
United States
To compare other locations to the Hempstead and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Hempstead's median sale price is 57% higher than the national average. Overall cost of living in Hempstead is 36% higher than the national average. Learn which home features in Hempstead add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Hempstead
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How hot is the Hempstead housing market?
Hempstead is very competitive. Homes sell in 32.5 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 33 days.
Hot homes
can sell for about 7% above list price and go pending in around 23 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
103.7%
+0.4 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Hempstead, NY
103.7%
+0.4 pt
United States
Hempstead Migration & Relocation Trends
In Feb '25 - Apr '25, 31% of Hempstead homebuyers searched to move out of Hempstead, while 69% looked to stay within the metropolitan area.
Where are people moving to Hempstead from?
Across the nation, 3% of homebuyers searched to move into Hempstead from outside metros.
Los Angeles homebuyers searched to move into Hempstead more than any other metro followed by Vineyard Haven and Spokane.
Where are people from Hempstead moving to?
69% of Hempstead homebuyers searched to stay within the Hempstead metropolitan area.
Miami was the most popular destination among Hempstead homebuyers followed by Philadelphia and Boston.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Hempstead housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Hempstead.
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Hempstead has a minor risk of flooding. 607 properties in Hempstead are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Hempstead. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Hempstead has a moderate risk of wildfire. There are 34 properties in Hempstead that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Hempstead.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Hempstead has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Hempstead is most at risk from hurricanes. 9,023 properties in Hempstead have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 101 mph.