Is Beaumont, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beaumont is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Beaumont, CA

How much do homes in Beaumont, CA cost?

Median Sold Price

$514,997

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,370(+1.1%)

Key Takeaway

Homes in Beaumont have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Beaumont was $514,997 in May 2024, up 1.1% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $275K$242.5K
-11.8%
2 $432.5K$428.5K
-0.9%
3 $480K$488.9K
+1.9%
4 $535K$545K
+1.9%
5+ $589.5K$605K
+2.6%

Summary: Beaumont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Hemet-San Jacinto
+2.2%
San Gorgonio Pass
+1.9%
Calimesa
+1.6%
Beaumont
+1.1%
Banning
-1.9%

Housing Supply in Beaumont, CA

How many homes are available in Beaumont, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
264290+9.8%

Summary: The Beaumont real estate market had 290 homes for sale in May 2024, a 9.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 4361
+41.9%
3 7671
-6.6%
4 105116
+10.5%
5+ 3941
+5.1%

Summary: The Beaumont 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 41.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 5.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6063+5.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beaumont, expect to pay close to the asking price. 34.9% of homes here sold near the asking price last month.

Summary: A total of 63 homes were sold or pending in Beaumont in May 2024, up by 5.0% month-over-month. Of the 63 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for Beaumont, CA

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

Average Sale Time

May 2023May 2024CHANGE
46 Days40 Days-12.3%

Summary: Homes in Beaumont had an average of 40 days on market in May 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 63 homes were sold in Beaumont; 56% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 8% 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 12 Days Ago

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