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 January 2023

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.

Housing Prices in Beverly Hills, CA

How much do homes in Beverly Hills, CA cost?

Median Sold Price

$3,147,666

$1,082/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$152,333(-4.6%)

Key Takeaway

Homes in Beverly Hills have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Beverly Hills was $3,147,666 in January 2024, down 4.6% from last year, and the median price per square foot was $1,082.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $818K$762.5K
-6.8%
2 $1.4M$1.4M
-2.2%
3 $2.5M$2.4M
-0.2%
4 $4.2M$4.1M
-2.4%
5+ $8.9M$8.2M
-8.0%

Summary: Beverly Hills housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Cities

West Hollywood
+6.2%
Los Angeles
-1.9%
Beverly Hills
-4.6%

Housing Supply in Beverly Hills, CA

How many homes are available in Beverly Hills, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
219273+24.7%

Summary: The Beverly Hills real estate market had 273 homes for sale in January 2024, a 24.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 55
0.0%
2 4448
+9.1%
3 3443
+26.5%
4 4051
+27.5%
5+ 96126
+31.3%

Summary: The Beverly Hills housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 31.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1724+41.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 70.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Beverly Hills in January 2024, up by 41.2% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% 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

Jan 2023Jan 2024CHANGE
66 Days56 Days-15.2%

Summary: Homes in Beverly Hills had an average of 56 days on market in Jan 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Beverly Hills has remained consistent over time.

Summary: During January 2024, 24 homes were sold in Beverly Hills; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in Beverly Hills, CA

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