Is Beverly Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$3,151,000
$1,029/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Beverly Hills was $3,151,000 in June 2024, down 12.2% from last year, and the median price per square foot was $1,029.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $765K | $1.1M | +43.8% |
2 Bedrooms | $1.6M | $1.4M | -9.3% |
3 Bedrooms | $2.5M | $2.3M | -4.8% |
4 Bedrooms | $4.2M | $3.7M | -12.9% |
5+ Bedrooms | $8.4M | $7.0M | -17.2% |
Summary: Beverly Hills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
Los Angeles | $957.5K | $1.0M | +4.7% |
West Hollywood | $1.1M | $1.0M | -9.3% |
Beverly Hills | $3.5M | $3.1M | -12.2% |
Housing Supply in Beverly Hills, CA
How many homes are available in Beverly Hills, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
301 | 344 | +14.3% |
Summary: The Beverly Hills real estate market had 344 homes for sale in June 2024, a 14.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 50 | 61 | +22.0% |
3 Bedrooms | 59 | 66 | +11.9% |
4 Bedrooms | 53 | 60 | +13.2% |
5+ Bedrooms | 137 | 155 | +13.1% |
Summary: The Beverly Hills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Beverly Hills in June 2024, down by 11.1% month-over-month. Of the 24 sold homes, 71% were sold under asking, 4% were sold at asking, and 25% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +13.1% |
Summary: Homes in Beverly Hills had an average of 58 days on market in Jun 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 24 homes were sold in Beverly Hills; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.