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 December 2023

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.

Housing Prices in Beacon, NY

How much do homes in Beacon, NY cost?

Median Sold Price

$525,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+5.0%)

Key Takeaway

Homes in Beacon have sold for 5% more than they did a year ago.

Summary: The median home sold price in Beacon was $525,000 in December 2024, up 5% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $456.2K$231K
-49.4%
2 $402.5K$415K
+3.1%
3 $468.5K$520.5K
+11.1%
4 $620K$785K
+26.6%
5+ $750K$690K
-8.0%

Summary: Beacon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 8%.

Housing Supply in Beacon, NY

How many homes are available in Beacon, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6254-12.9%

Summary: The Beacon real estate market had 54 homes for sale in December 2024, a 12.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 99
0.0%
3 3630
-16.7%
4 109
-10.0%
5+ 44
0.0%

Summary: The Beacon housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
514+180.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Beacon in December 2024, up by 180.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for Beacon, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
122 Days107 Days-11.9%

Summary: Homes in Beacon had an average of 107 days on market in Dec 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

8 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.

Summary: During December 2024, 14 homes were sold in Beacon; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% 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 4 Days Ago

Newest Listings in Beacon, NY

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