Is Beverly Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly Hills is a buyer's market

Buyer's
Market

Difference Since November 2020

At the same time last year, Beverly Hills was a Neutral Market.

Key Takeaway

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

How much do homes in Beverly Hills, CA cost?

Median Sold Price

$3,053,155

$1,107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$140,555(+4.8%)

Key Takeaway

Homes in Beverly Hills have sold for 4.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $828K$745K
-10.0%
2 $1.2M$1.2M
+3.5%
3 $2.3M$2.4M
+3.2%
4 $5.2M$4.3M
-17.1%
5+ $8.9M$10.5M
+17.5%

Median Sold Price Compared To Nearby Cities

Los Angeles
+13.3%
West Hollywood
+11.7%
Beverly Hills
+4.8%

How many homes are available in Beverly Hills, CA?

Number of Homes For Sale

Oct 2021Nov 2021%
148127-14.2%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 23
+50.0%
2 3829
-23.7%
3 2220
-9.1%
4 2322
-4.3%
5+ 6353
-15.9%

Number of Homes Sold

Oct 2021Nov 2021%
3717-54.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly Hills, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
63 Days43 Days-32.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Beverly Hills, CA

There are 127 homes are for sale in Beverly Hills, CA real estate market. Between October 2021 and November 2021, Beverly Hills, CA real estate market has seen decrease in the number of listings by 14.2%. While the average time on the market in November 2021 was 43 days, the median list price was $3,053,155. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 10%, 2 bedrooms properties became 3.5% more expensive, the cost of 3 bedrooms properties went up by 3.2%, the cost of 4 bedrooms properties went down by 17.1%, prices of 5 bedrooms properties increased by 17.5%. Housing inventory have changed in this real estate market: 1 bedroom homes became 50% more available, volume of 2 bedrooms homes went down by 23.7%, volume of 3 bedrooms homes went down by 9.1%, volume of 4 bedrooms homes went down by 4.3%, 5 bedrooms homes became 15.9% less available. Beverly Hills, CA housing market in November 2021 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 10 sold below.

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