Is Beachwood Canyon, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beachwood Canyon is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Beachwood Canyon was a Neutral Market.

Key Takeaway

Beachwood Canyon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Beachwood Canyon, CA

How much do homes in Beachwood Canyon, CA cost?

Median Sold Price

$1,875,000

$945/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$329,000(+21.3%)

Key Takeaway

Homes in Beachwood Canyon have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in Beachwood Canyon was $1,875,000 in February 2024, up 21.3% from last year, and the median price per square foot was $945.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $837.5K$600K
-28.4%
2 $1.3M$1.2M
-11.4%
3 $1.8M$2.0M
+9.4%
4 $2.5M$2.7M
+5.3%
5+ $1.6M-
N/A

Summary: Beachwood Canyon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Beachwood Canyon
+21.3%
Hollywood Hills
+2.9%

Housing Supply in Beachwood Canyon, CA

How many homes are available in Beachwood Canyon, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1826+44.4%

Summary: The Beachwood Canyon real estate market had 26 homes for sale in February 2024, a 44.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 48
+100.0%
4 47
+75.0%
5+ 77
0.0%

Summary: The Beachwood Canyon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beachwood Canyon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Beachwood Canyon in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Beachwood Canyon, CA

How long does it take to sell a home in Beachwood Canyon, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
84 Days69 Days-18.3%

Summary: Homes in Beachwood Canyon had an average of 69 days on market in Feb 2024, down by 18.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Beachwood Canyon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

Newest Listings in Beachwood Canyon, CA

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