Is Beacon Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Beacon Hill has remained a Buyer's Market.
Housing Prices in Beacon Hill, MA
How much do homes in Beacon Hill, MA cost?
Median Sold Price
$1,210,000
$1,253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beacon Hill was $1,210,000 in April 2024, down 0.8% from last year, and the median price per square foot was $1,253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $660.5K | +3.2% |
2 Bedrooms | $1.1M | $1.2M | +15.0% |
3 Bedrooms | $2.4M | $3.4M | +41.7% |
4 Bedrooms | $3.9M | $5.0M | +29.9% |
5+ Bedrooms | $4.3M | $6.3M | +44.7% |
Summary: Beacon Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 44.7%.
Housing Supply in Beacon Hill, MA
How many homes are available in Beacon Hill, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 93 | +24.0% |
Summary: The Beacon Hill real estate market had 93 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 17 | +21.4% |
2 Bedrooms | 16 | 25 | +56.3% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Beacon Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Beacon Hill in April 2024, up by 18.2% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Beacon Hill, MA
How long does it take to sell a home in Beacon Hill, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 45 Days | +105.2% |
Summary: Homes in Beacon Hill had an average of 45 days on market in Apr 2024, up by 105.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Beacon Hill; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.