Is Beverly Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Beverly Hills was a Seller's Market.
Housing Prices in Beverly Hills, CA
How much do homes in Beverly Hills, CA cost?
Median Sold Price
$3,174,250
$1,041/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 $3,174,250 in April 2024, down 10.3% from last year, and the median price per square foot was $1,041.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $815K | $975K | +19.6% |
2 Bedrooms | $1.4M | $1.4M | -1.6% |
3 Bedrooms | $2.5M | $2.4M | -0.2% |
4 Bedrooms | $4.2M | $3.7M | -11.6% |
5+ Bedrooms | $8.9M | $7.0M | -21.7% |
Summary: Beverly Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Los Angeles | $978.8K | $986.4K | +0.8% |
West Hollywood | $1.1M | $1.1M | -4.0% |
Beverly Hills | $3.5M | $3.1M | -10.3% |
Housing Supply in Beverly Hills, CA
How many homes are available in Beverly Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
243 | 288 | +18.5% |
Summary: The Beverly Hills real estate market had 288 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 43 | 50 | +16.3% |
3 Bedrooms | 34 | 44 | +29.4% |
4 Bedrooms | 47 | 50 | +6.4% |
5+ Bedrooms | 117 | 141 | +20.5% |
Summary: The Beverly Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 27 | -15.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Beverly Hills in April 2024, down by 15.6% month-over-month. Of the 27 sold homes, 74% were sold under asking, 11% were sold at asking, and 15% were sold over asking.
Days on Market for Beverly Hills, CA
How long does it take to sell a home in Beverly Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 67 Days | 0.1% |
Summary: Homes in Beverly Hills had an average of 67 days on market in Apr 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Beverly Hills; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.