$10,000 Closing Credit*
$1,999,000
3,446 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73313778, Judith Swenson, Listing Office: Mayflower Realty, Inc.
Is Beacon Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Beacon Hill was a Seller's Market.
Key Takeaway
Beacon Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Beacon Hill, MA
How much do homes in Beacon Hill, MA cost?
Median Sold Price
$1,200,000
$1,268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$80,000(-6.3%)
Key Takeaway
Homes in Beacon Hill have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Beacon Hill was $1,200,000 in October 2024, down 6.3% from last year, and the median price per square foot was $1,268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $690K | $617K | -10.6% |
| 2 Bedrooms | $1.3M | $1.1M | -13.9% |
| 3 Bedrooms | $2.9M | $3.3M | +16.5% |
| 4 Bedrooms | $7.3M | $3.6M | -50.0% |
| 5+ Bedrooms | $6.1M | $5.3M | -13.8% |
Summary: Beacon Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 13.8%.
Housing Supply in Beacon Hill, MA
How many homes are available in Beacon Hill, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 86 | +16.2% |
Summary: The Beacon Hill real estate market had 86 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 17 | +30.8% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Beacon Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Beacon Hill, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Beacon Hill in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -16.7% |
Summary: Homes in Beacon Hill had an average of 18 days on market in Oct 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beacon Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Beacon Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
