Is Beverly Hills, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$515,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beverly Hills was $515,000 in May 2024, up 12.2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580K | - | N/A |
2 Bedrooms | $362K | $327K | -9.7% |
3 Bedrooms | $385K | $445K | +15.6% |
4 Bedrooms | $597.5K | $595K | -0.4% |
5+ Bedrooms | $673.2K | $687.2K | +2.1% |
Summary: Beverly Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Bloomfield Charter Township | $520.9K | $599.4K | +15.1% |
Bingham Farms | $451K | $515K | +14.2% |
Beverly Hills | $459K | $515K | +12.2% |
Birmingham | $663.4K | $741.1K | +11.7% |
Southfield Township | $250K | $265.7K | +6.3% |
Housing Supply in Beverly Hills, MI
How many homes are available in Beverly Hills, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 40 | +29.0% |
Summary: The Beverly Hills real estate market had 40 homes for sale in May 2024, a 29.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Beverly Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Beverly Hills in May 2024, up by 80.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 8 Days | -41.6% |
Summary: Homes in Beverly Hills had an average of 8 days on market in May 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Beverly Hills; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.