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 October 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

$281,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+1.1%)

Key Takeaway

Homes in Bethel have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Bethel was $281,000 in October 2024, up 1.1% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $186.7K$101.5K
-45.6%
2 $199.9K$235K
+17.5%
3 $300K$343K
+14.3%
4 $527.5K$395K
-25.1%
5+ $710K$800K
+12.7%

Summary: Bethel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Cities

Thompson
+22.9%
Bethel
+1.1%

Housing Supply in Bethel, NY

How many homes are available in Bethel, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76760.0%

Summary: The Bethel real estate market had 76 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2220
-9.1%
3 3337
+12.1%
4 1312
-7.7%
5+ 76
-14.3%

Summary: The Bethel 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 9.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Bethel in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
95 Days83 Days-13.3%

Summary: Homes in Bethel had an average of 83 days on market in Oct 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bethel has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Bethel; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Bethel, NY

Nearby Markets to Bethel, NY

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