Is Beachwood Canyon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Beachwood Canyon was a Buyer's Market.
Housing Prices in Beachwood Canyon, CA
How much do homes in Beachwood Canyon, CA cost?
Median Sold Price
$2,000,000
$934/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Beachwood Canyon was $2,000,000 in June 2024, up 41.6% from last year, and the median price per square foot was $934.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $985K | $550K | -44.2% |
2 Bedrooms | $1.2M | $999K | -22.6% |
3 Bedrooms | $1.8M | $1.9M | +5.5% |
4 Bedrooms | $2.5M | $2.7M | +9.0% |
5+ Bedrooms | $1.1M | $3.9M | +235.2% |
Summary: Beachwood Canyon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 235.2%.
Median Sold Price Compared To Nearby Neighborhoods
Beachwood Canyon | $1.4M | $2.0M | +41.6% |
Hollywood Hills | $1.6M | $1.7M | +7.3% |
Hollywood Dell | $1.4M | $1.4M | -0.2% |
Housing Supply in Beachwood Canyon, CA
How many homes are available in Beachwood Canyon, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 34 | +61.9% |
Summary: The Beachwood Canyon real estate market had 34 homes for sale in June 2024, a 61.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 7 | +250.0% |
3 Bedrooms | 4 | 8 | +100.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Beachwood Canyon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Beachwood Canyon in June 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 26 Days | +84.8% |
Summary: Homes in Beachwood Canyon had an average of 26 days on market in Jun 2024, up by 84.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Beachwood Canyon; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.