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

Housing Market Conditions



Gauge showing Beverly Hills is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Beverly Hills, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

The sold price of homes in Beverly Hills has remained the same since last year.

Summary: The median home sold price in Beverly Hills was $472,500 in August 2023, up 0.3% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$580K
2 $281.2K$468K
3 $385K$399.9K
4 $625K$590K
5+ $540K$673.2K

Summary: Beverly Hills housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 24.7%.

Median Sold Price Compared To Nearby Cities

Bloomfield Charter Township
Beverly Hills
Bingham Farms
Southfield Township

Housing Supply

How many homes are available in Beverly Hills, MI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Beverly Hills real estate market had 47 homes for sale in August 2023, a 2.1% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 22
3 2328
4 1711
5+ 66

Summary: The Beverly Hills housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 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. 64.7% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Beverly Hills in August 2023, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.

Days on Market

How long does it take to sell a home in Beverly Hills, MI?

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were 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.

Summary: During August 2023, 17 homes were sold in Beverly Hills; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Beverly Hills, MI?