Is Bedford, 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, Bedford was a Buyer's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, NY
How much do homes in Bedford, NY cost?
Median Sold Price
$1,010,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bedford have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Bedford was $1,010,000 in May 2024, up 4.9% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $349K | +7.4% |
| 2 Bedrooms | $535K | $605K | +13.1% |
| 3 Bedrooms | $715K | $805K | +12.6% |
| 4 Bedrooms | $1.2M | $1.4M | +10.8% |
| 5+ Bedrooms | $2.5M | $2.2M | -11.2% |
Summary: Bedford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Bedford Hills | $615K | $850.5K | +38.3% |
| New Castle | $1.1M | $1.2M | +5.7% |
| Bedford | $962.5K | $1.0M | +4.9% |
| Katonah | $899K | $917.2K | +2.0% |
| Mount Kisco | $667.7K | $667K | -0.1% |
Housing Supply in Bedford, NY
How many homes are available in Bedford, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 110 | +25.0% |
Summary: The Bedford real estate market had 110 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 38 | 49 | +28.9% |
| 5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Bedford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 22 | +120.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Bedford in May 2024, up by 120.0% month-over-month. Of the 22 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Bedford, NY
How long does it take to sell a home in Bedford, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 42 Days | -14.9% |
Summary: Homes in Bedford had an average of 42 days on market in May 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Bedford; 77% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.