Is Beacon Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beacon Hill is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Beacon Hill was a Seller's Market.

Key Takeaway

Beacon Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Beacon Hill, TX

How much do homes in Beacon Hill, TX cost?

Median Sold Price

$305,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,950(-1.6%)

Key Takeaway

Homes in Beacon Hill have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Beacon Hill was $305,000 in October 2024, down 1.6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $182.5K$248.5K
+36.2%
3 $340K$313.5K
-7.8%
4 $310K$367.5K
+18.5%
5+ -$195K
N/A

Summary: Beacon Hill 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 36.2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Beacon Hill
-1.6%
Northwest Los Angeles Heights
-13.7%

Housing Supply in Beacon Hill, TX

How many homes are available in Beacon Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3440+17.6%

Summary: The Beacon Hill real estate market had 40 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2024
+20.0%
4 67
+16.7%
5+ 00
0.0%

Summary: The Beacon Hill 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 increased by 14.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beacon Hill, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Beacon Hill in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Beacon Hill, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days112 Days+143.2%

Summary: Homes in Beacon Hill had an average of 112 days on market in Oct 2024, up by 143.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Beacon Hill; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

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