Is Beverly Hills, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Beverly Hills has remained a Seller's Market.
Housing Prices in Beverly Hills, MI
How much do homes in Beverly Hills, MI cost?
Median Sold Price
$510,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Beverly Hills was $510,000 in February 2024, up 10.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580K | - | N/A |
2 Bedrooms | $362K | $447.4K | +23.6% |
3 Bedrooms | $400.5K | $425K | +6.1% |
4 Bedrooms | $595K | $593.5K | -0.3% |
5+ Bedrooms | $615K | $681.1K | +10.7% |
Summary: Beverly Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Birmingham | $602K | $725.6K | +20.5% |
Bloomfield Charter Township | $520K | $582.6K | +12.0% |
Beverly Hills | $461.2K | $510K | +10.6% |
Southfield Township | $338.3K | $259K | -23.4% |
Housing Supply in Beverly Hills, MI
How many homes are available in Beverly Hills, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The Beverly Hills real estate market had 30 homes for sale in February 2024, a 20.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Beverly Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Beverly Hills in February 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Beverly Hills, MI
How long does it take to sell a home in Beverly Hills, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
168 Days | 30 Days | -82.1% |
Summary: Homes in Beverly Hills had an average of 30 days on market in Feb 2024, down by 82.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in Beverly Hills; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.