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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly Hills is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Beverly Hills has remained a Seller's Market.

Key Takeaway

Beverly Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Beverly Hills, MI cost?

Median Sold Price

$454,950

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$69,950(+18.2%)

Key Takeaway

Homes in Beverly Hills have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $223.5K$306.5K
+37.1%
3 $332.5K$380K
+14.3%
4 $457.8K$571.5K
+24.8%
5+ $576.5K$640K
+11.0%

Median Sold Price Compared To Nearby Cities

Beverly Hills
+18.2%
Southfield Township
+17.2%
Birmingham
+11.4%
Bloomfield Charter Township
+10.3%

How many homes are available in Beverly Hills, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
3741+10.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 32
-33.3%
3 2021
+5.0%
4 1116
+45.5%
5+ 32
-33.3%

Number of Homes Sold

Mar 2022Apr 2022%
1215+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
10 Days10 Days+0.5%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Beverly Hills, MI

Number of homes for sale in Beverly Hills, MI real estate market have reached 41. In April 2022 in Beverly Hills, MI there were 10.8% more homes for sale than in March 2022. The median list price of listings available in April 2022 was $454,950, while the average time on the real estate market was 10 days. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 37.1%, 3 bedrooms properties prices increased by 14.3%, the cost of 4 bedrooms properties went up by 24.8%, prices of 5 bedrooms properties went up by 11%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 33.3%, volume of 3 bedrooms homes went up by 5%, 4 bedrooms homes inventory increased by 45.5%, 5 bedrooms homes became 33.3% less available. In April 2022, from all listings sold in Beverly Hills, MI there were more than 10 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.

Related Housing Market Reports