Is Hempstead, NY 11550 a buyer’s or seller’s market?

The Hempstead housing market right now

In the three months ending August 31, 2026, 61% of homes in Hempstead, NY 11550 sold above their list price, the typical home went under contract in 39 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 56%, homes sold about as fast and the median sale price rose 3% to $662,713. Overall, Hempstead is more competitive than a year ago, so tougher for buyers.

Within Nassau County, homes here sell more slowly than in 74% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Hempstead ranks #301 of 649 NY ZIP codes with enough sales (score 78 out of 100).

Nearby, buyers who want less competition could look at Point Lookout 11569 (0% sold over asking) or Atlantic Beach 11509 (0% sold over asking), while Malverne 11565 (75% sold over asking) and Wantagh 11793 (74% sold over asking) are even more competitive.