Is Beverly Hills, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly Hills is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Beverly Hills has remained a Seller's Market.

Key Takeaway

Beverly Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Beverly Hills, FL

How much do homes in Beverly Hills, FL cost?

Median Sold Price

$279,495

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,501(+16.9%)

Key Takeaway

Homes in Beverly Hills have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Beverly Hills was $279,495 in May 2024, up 16.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147K$150K
+2.0%
2 $184.4K$197.4K
+7.1%
3 $300K$313K
+4.3%
4 $367.5K$300.2K
-18.3%
5+ $650K$740K
+13.8%

Summary: Beverly Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Cities

Beverly Hills
+16.9%
Hernando
-3.4%
Lecanto
-7.1%

Housing Supply in Beverly Hills, FL

How many homes are available in Beverly Hills, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
152139-8.6%

Summary: The Beverly Hills real estate market had 139 homes for sale in May 2024, a 8.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 4038
-5.0%
3 6965
-5.8%
4 4233
-21.4%
5+ 11
0.0%

Summary: The Beverly Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3529-17.1%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly Hills, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Beverly Hills in May 2024, down by 17.1% month-over-month. Of the 29 sold homes, 66% were sold under asking, 31% were sold at asking, and 3% were sold over asking.

Days on Market for Beverly Hills, FL

How long does it take to sell a home in Beverly Hills, FL?

Average Sale Time

May 2023May 2024CHANGE
77 Days44 Days-42.2%

Summary: Homes in Beverly Hills had an average of 44 days on market in May 2024, down by 42.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 29 homes were sold in Beverly Hills; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% 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 1 Day Ago

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