Is Bergen Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bergen Beach is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bergen Beach was a Neutral Market.

Key Takeaway

Bergen Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bergen Beach, NY

How much do homes in Bergen Beach, NY cost?

Median Sold Price

$872,500

$489/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+2.3%)

Key Takeaway

Homes in Bergen Beach have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Bergen Beach was $872,500 in October 2024, up 2.3% from last year, and the median price per square foot was $489.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $585K$600K
+2.6%
3 $792K$835K
+5.4%
4 $927K$1.0M
+10.8%
5+ $955K$1.1M
+18.3%

Summary: Bergen Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 18.3%.

Median Sold Price Compared To Nearby Neighborhoods

Southeastern Brooklyn
+3.8%
Bergen Beach
+2.3%
Georgetown
-8.7%

Housing Supply in Bergen Beach, NY

How many homes are available in Bergen Beach, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3129-6.5%

Summary: The Bergen Beach real estate market had 29 homes for sale in October 2024, a 6.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1914
-26.3%
4 57
+40.0%
5+ 46
+50.0%

Summary: The Bergen Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bergen Beach, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Bergen Beach in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Bergen Beach, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days82 Days+58.1%

Summary: Homes in Bergen Beach had an average of 82 days on market in Oct 2024, up by 58.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bergen Beach are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Bergen Beach; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 15 Days Ago

Newest Listings in Bergen Beach, NY

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