Is Beacon, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beacon is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, Beacon has remained a Seller's Market.

Key Takeaway

Beacon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Beacon, NY cost?

Median Sold Price

$525,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$60,000(+12.9%)

Key Takeaway

Homes in Beacon have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $258.7K$408.4K
+57.9%
2 $377.5K$456K
+20.8%
3 $447.5K$510.6K
+14.1%
4 $530K$635K
+19.8%
5+ $597K$725K
+21.4%

How many homes are available in Beacon, NY?

Number of Homes For Sale

Apr 2023May 2023%
7285+18.1%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 46
+50.0%
2 1715
-11.8%
3 3441
+20.6%
4 1319
+46.2%
5+ 44
0.0%

Number of Homes Sold

Apr 2023May 2023%
315+400.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beacon, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

How long does it take to sell a home in Beacon, NY?

How long does it take to sell a home in Beacon, NY?

Average Sale Time

May 2022May 2023%
78 Days71 Days-8.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Beacon has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Beacon, NY

Beacon, NY has 85 homes for sale to choose from. Between April 2023 and May 2023, Beacon, NY real estate market has seen increase in the number of listings by 18.1%. In May 2023 median list price was $525,000 and the average listing age was 71 days. Real estate listing prices changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 57.9%, prices of 2 bedrooms properties went up by 20.8%, the cost of 3 bedrooms properties went up by 14.1%, 4 bedrooms properties prices increased by 19.8%, prices of 5 bedrooms properties went up by 21.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 50%, 2 bedrooms homes became 11.8% less available, number of 3 bedrooms homes increased by 20.6%, volume of 4 bedrooms homes went up by 46.2%, 5 bedrooms homes inventory did not change. In May 2023 more than 8 listings in Beacon, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 7 were sold below.