Is Beverly Hills, 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 Hills was a Seller's Market.
Housing Prices in Beverly Hills, CA
How much do homes in Beverly Hills, CA cost?
Median Sold Price
$3,005,000
$1,034/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Beverly Hills was $3,005,000 in March 2024, down 16.1% from last year, and the median price per square foot was $1,034.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $815K | $765K | -6.1% |
2 Bedrooms | $1.4M | $1.5M | +3.6% |
3 Bedrooms | $2.5M | $2.3M | -5.3% |
4 Bedrooms | $4.4M | $3.7M | -15.3% |
5+ Bedrooms | $8.8M | $7.3M | -17.7% |
Summary: Beverly Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Cities
West Hollywood | $1.1M | $1.1M | +3.8% |
Los Angeles | $988.7K | $975.9K | -1.3% |
Beverly Hills | $3.5M | $3.0M | -16.1% |
Housing Supply in Beverly Hills, CA
How many homes are available in Beverly Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
243 | 282 | +16.0% |
Summary: The Beverly Hills real estate market had 282 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 46 | 53 | +15.2% |
3 Bedrooms | 32 | 40 | +25.0% |
4 Bedrooms | 50 | 56 | +12.0% |
5+ Bedrooms | 112 | 130 | +16.1% |
Summary: The Beverly Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Beverly Hills in March 2024, up by 25.0% month-over-month. Of the 30 sold homes, 80% were sold under asking, 3% were sold at asking, and 17% were sold over asking.
Days on Market for Beverly Hills, CA
How long does it take to sell a home in Beverly Hills, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 47 Days | -24.0% |
Summary: Homes in Beverly Hills had an average of 47 days on market in Mar 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Beverly Hills; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.