Is Beverly Hills, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Beverly Hills has remained a Seller's Market.
Housing Prices in Beverly Hills, MI
How much do homes in Beverly Hills, MI cost?
Median Sold Price
$513,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beverly Hills was $513,000 in April 2024, up 8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580K | - | N/A |
2 Bedrooms | $362K | $350K | -3.3% |
3 Bedrooms | $401K | $437.5K | +9.1% |
4 Bedrooms | $610K | $580K | -4.9% |
5+ Bedrooms | $655.5K | $681.1K | +3.9% |
Summary: Beverly Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Birmingham | $619.4K | $742.8K | +19.9% |
Bloomfield Charter Township | $514.9K | $610.6K | +18.6% |
Bingham Farms | $471K | $515K | +9.3% |
Beverly Hills | $475K | $513K | +8.0% |
Southfield Township | $269.2K | $260.7K | -3.1% |
Housing Supply in Beverly Hills, MI
How many homes are available in Beverly Hills, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Summary: The Beverly Hills real estate market had 32 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Beverly Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 8 | -46.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Beverly Hills in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Beverly Hills, MI
How long does it take to sell a home in Beverly Hills, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 25 Days | -72.1% |
Summary: Homes in Beverly Hills had an average of 25 days on market in Apr 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Beverly Hills; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.