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 2021

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

$442,500

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$32,500(+7.9%)

Key Takeaway

Homes in Beacon have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $318K$227.5K
-28.5%
2 $357.5K$380K
+6.3%
3 $410K$431.7K
+5.3%
4 $415K$520K
+25.3%
5+ $604.9K$617K
+2.0%

How many homes are available in Beacon, NY?

Number of Homes For Sale

Apr 2022May 2022%
88109+23.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 67
+16.7%
2 2022
+10.0%
3 3434
0.0%
4 1930
+57.9%
5+ 916
+77.8%

Number of Homes Sold

Apr 2022May 2022%
1123+109.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beacon, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
101 Days98 Days-3.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Beacon are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Beacon, NY

Number of homes for sale in Beacon, NY real estate market have reached 109. The number of homes for sale in Beacon, NY increased by 23.9% between April 2022 and May 2022. Listings spent 98 days on the market in May 2022, and had a median list price of $442,500 during the same period. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 28.5%, prices of 2 bedrooms properties increased by 6.3%, prices of 3 bedrooms properties increased by 5.3%, prices of 4 bedrooms properties increased by 25.3%, 5 bedrooms properties prices increased by 2%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 16.7%, number of 2 bedrooms homes increased by 10%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes increased by 57.9%, 5 bedrooms homes became 77.8% more available. Over 10 listings were sold over their listed price in May 2022 in Beacon, NY. In the same period over 13 listings were sold below the listed price and 0 listings were sold for the listed price.