The Highlands Current article “Booming Beacon” summarizes the condo housing stock being built in Beacon and provides a quick update to the Beacon real estate market.
Summarizing the numbers in the article, in this little town of 15,000 or so sandwiched between Mt. Beacon and the Hudson River in an area just double the size of Hoboken, NJ, we will increase our condo housing stock by at least 476 units and an undetermined other amount pending approval in the next couple of years.
Additionally, there are many new, single family homes under construction in Beacon, from the ultra modern home on Spring Valley to open floor plan homes on Judson and Union, and a new home community on Townsend off Route 52 where I have a client purchasing a new construction home, the housing market in Beacon does have some new construction homes being built.
However these are not entry level price points for first time buyers in a mid-price range. Most are over $800,000 if not up to $2M.
New Home Construction Homes in Beacon, NY
The trend for many single family homes is to tear down the original house that often has small bedrooms, small closets and one bathroom for three bedrooms and build anew – or completely gut the home and renovate it from the studs out.
Many Beacon residents would like to see more homes built in the $500-750K range to offset the higher price points, but the profit isn’t there for the builders.
I don’t know of a company that functions for long at a loss and stays in business, so it doesn’t make sense to build in the mid-range price point if you can build a home for a profit over $800,000.
Beacon NY Housing Trends
Beacon home prices will continue to appreciate, but will the influx of condos drive condo sales and rental prices down in Beacon?
What’s missing from condo builds in Beacon are amenities that provide value. Most condos have a common area outdoors but may not have dedicated parking as space is limited in Beacon. These are not doorman buildings either. Gyms are common in many but not all new builds and most people don’t use them regularly
When I lived in Jersey City there were a few high rises that had fantastic amenities and roof tops, but the Hudson Valley hasn’t adopted that trend yet. The price points are high, but the amenities are lacking in my opinion.
Contrast March 2019 when I first started in real estate with today’s market in June 2025:
2019:
Average List Price: $291,299
Average Sold Price: $204,333
Average Days on Market: 144
Max Sold Price: $250,500
Max List Price: $379,999
2025:
Average List Price: $905,990
Average Sold Price: $298,375
Average Days on Market: 65
Max Sold Price: $426,000
Max List Price: $1,390,000
Would love to hear your thoughts on the Beacon, NY real estate market and the influx of condo builds and more modern home builds if you live in Beacon or are thinking of moving to Beacon.
Carlin Felder | Licensed Real Estate Salesperson, the Hudson Upstate Team at eXp Realty NY
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