Is Beacon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Beacon was a Neutral Market.
Housing Prices in Beacon, NY
How much do homes in Beacon, NY cost?
Median Sold Price
$500,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beacon was $500,000 in May 2024, up 7.3% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $408.4K | $342.5K | -16.1% |
2 Bedrooms | $412.5K | $389K | -5.7% |
3 Bedrooms | $430K | $500K | +16.3% |
4 Bedrooms | $652.5K | $670.7K | +2.8% |
5+ Bedrooms | $725K | $807.5K | +11.4% |
Summary: Beacon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in Beacon, NY
How many homes are available in Beacon, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 85 | +18.1% |
Summary: The Beacon real estate market had 85 homes for sale in May 2024, a 18.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 44 | 54 | +22.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Beacon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Beacon in May 2024, the same as the previous month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for Beacon, NY
How long does it take to sell a home in Beacon, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 33 Days | -40.0% |
Summary: Homes in Beacon had an average of 33 days on market in May 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Beacon; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.