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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bethel is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Bethel was a Seller's Market.

Key Takeaway

Bethel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bethel, NY

How much do homes in Bethel, NY cost?

Median Sold Price

$272,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$1,500(-0.5%)

Key Takeaway

Homes in Bethel have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Bethel was $272,000 in September 2024, down 0.5% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $198.5K$101.5K
-48.9%
2 $165.9K$250K
+50.7%
3 $300K$347.4K
+15.8%
4 $510K$497.7K
-2.4%
5+ $710K$800K
+12.7%

Summary: Bethel housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.9%, 2 bedroom homes increased by 50.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Cities

Thompson
+24.6%
Bethel
-0.5%

Housing Supply in Bethel, NY

How many homes are available in Bethel, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7480+8.1%

Summary: The Bethel real estate market had 80 homes for sale in September 2024, a 8.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1924
+26.3%
3 3534
-2.9%
4 1113
+18.2%
5+ 88
0.0%

Summary: The Bethel housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bethel, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Bethel in September 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Bethel, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days102 Days+211.7%

Summary: Homes in Bethel had an average of 102 days on market in Sep 2024, up by 211.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Bethel; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.

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

Report Updated 11 Days Ago

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