Is Brighton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Brighton Beach has remained a Buyer's Market.
Housing Prices in Brighton Beach, NY
How much do homes in Brighton Beach, NY cost?
Median Sold Price
$605,000
$516/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Brighton Beach was $605,000 in April 2024, up 15.8% from last month, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $430K | +22.9% |
2 Bedrooms | $525K | $656.5K | +25.0% |
3 Bedrooms | - | $800K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $950.5K | N/A |
Summary: Brighton Beach housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 25%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Brighton Beach, NY
How many homes are available in Brighton Beach, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 94 | +3.3% |
Summary: The Brighton Beach real estate market had 94 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 28 | +3.7% |
2 Bedrooms | 35 | 33 | -5.7% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Brighton Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Brighton Beach in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Brighton Beach, NY
How long does it take to sell a home in Brighton Beach, NY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 96 Days | +53.2% |
Summary: Homes in Brighton Beach had an average of 96 days on market in Apr 2024, up by 53.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Brighton Beach; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.