$6,508 Closing Credit*
$548,000
722 SqFt
1 Bed
•1 Full Bath
#488022, Listing Office: High Class Realty SB LLC.
Is Brighton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Brighton Beach has remained a Buyer's Market.
Key Takeaway
Brighton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brighton Beach, NY
How much do homes in Brighton Beach, NY cost?
Median Sold Price
$615,000
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+17.1%)
Key Takeaway
Homes in Brighton Beach have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Brighton Beach was $615,000 in November 2024, up 17.1% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $326K | $437K | +34.0% |
| 2 Bedrooms | $561.5K | $640K | +14.0% |
| 3 Bedrooms | $930K | $800K | -14.0% |
| 4 Bedrooms | $610K | $1.1M | +80.3% |
| 5+ Bedrooms | $905K | $975.2K | +7.8% |
Summary: Brighton Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 80.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sheepshead Bay | $345K | $440K | +27.5% |
| Manhattan Beach | $1.2M | $1.4M | +20.4% |
| Brighton Beach | $525K | $615K | +17.1% |
| Southern Brooklyn | $586.8K | $604.2K | +3.0% |
| Gravesend | $850K | $855K | +0.6% |
Housing Supply in Brighton Beach, NY
How many homes are available in Brighton Beach, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 112 | +0.9% |
Summary: The Brighton Beach real estate market had 112 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 35 | +9.4% |
| 2 Bedrooms | 37 | 35 | -5.4% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Brighton Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Brighton Beach in November 2024, down by 66.7% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 214 Days | +199.5% |
Summary: Homes in Brighton Beach had an average of 214 days on market in Nov 2024, up by 199.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Brighton Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Brighton Beach; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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