Is Beverly Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Beverly Grove was a Seller's Market.
Key Takeaway
Beverly Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Beverly Grove, CA
How much do homes in Beverly Grove, CA cost?
Median Sold Price
$1,800,000
$917/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Beverly Grove have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Beverly Grove was $1,800,000 in March 2024, down 11.1% from last year, and the median price per square foot was $917.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $655K | $675K | +3.1% |
| 2 Bedrooms | $1.3M | $1.4M | +3.7% |
| 3 Bedrooms | $2.1M | $1.9M | -10.1% |
| 4 Bedrooms | $3.2M | $2.6M | -18.9% |
| 5+ Bedrooms | $3.5M | $3.0M | -14.4% |
Summary: Beverly Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Tri-West | $945K | $1.9M | +105.3% |
| Center City | $885K | $925K | +4.5% |
| Fairfax | $2.0M | $1.8M | -10.8% |
| Beverly Grove | $2.0M | $1.8M | -11.1% |
Housing Supply in Beverly Grove, CA
How many homes are available in Beverly Grove, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 130 | +25.0% |
Summary: The Beverly Grove real estate market had 130 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 19 | +58.3% |
| 2 Bedrooms | 38 | 41 | +7.9% |
| 3 Bedrooms | 11 | 18 | +63.6% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The Beverly Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 58.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beverly Grove, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Beverly Grove in March 2024, up by 111.1% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Beverly Grove, CA
How long does it take to sell a home in Beverly Grove, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -30.4% |
Summary: Homes in Beverly Grove had an average of 32 days on market in Mar 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beverly Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Beverly Grove; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.