$2,945 Closing Credit*
$248,000
531 SqFt
Studio
•1 Full Bath
#487367, Listing Office: RE/MAX Edge
Is Brighton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$610,000
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+19.6%)
Key Takeaway
Homes in Brighton Beach have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Brighton Beach was $610,000 in October 2024, up 19.6% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $437K | +29.5% |
| 2 Bedrooms | $588.5K | $557K | -5.4% |
| 3 Bedrooms | $930K | $785K | -15.6% |
| 4 Bedrooms | $610K | $1.0M | +68.0% |
| 5+ Bedrooms | $905K | $999.9K | +10.5% |
Summary: Brighton Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 68%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Brighton Beach | $510K | $610K | +19.6% |
| Sheepshead Bay | $345K | $380K | +10.1% |
| Southern Brooklyn | $601.6K | $590K | -1.9% |
| Gravesend | $890K | $855K | -3.9% |
Housing Supply in Brighton Beach, NY
How many homes are available in Brighton Beach, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 121 | +3.4% |
Summary: The Brighton Beach real estate market had 121 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 33 | -2.9% |
| 2 Bedrooms | 41 | 39 | -4.9% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Brighton Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Beach, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Brighton Beach in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 196 Days | 80 Days | -58.9% |
Summary: Homes in Brighton Beach had an average of 80 days on market in Oct 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brighton Beach has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Brighton Beach; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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