Is Beverly Grove, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly Grove is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Beverly Grove, CA

How much do homes in Beverly Grove, CA cost?

Median Sold Price

$1,890,500

$895/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$34,500(-1.8%)

Key Takeaway

Homes in Beverly Grove have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Beverly Grove was $1,890,500 in May 2024, down 1.8% from last year, and the median price per square foot was $895.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $655K$649K
-0.9%
2 $1.4M$1.4M
-1.8%
3 $2.0M$2.0M
-2.0%
4 $2.8M$2.6M
-7.2%
5+ $3.0M$3.3M
+11.7%

Summary: Beverly Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Neighborhoods

Center City
+2.4%
Beverly Grove
-1.8%
Fairfax
-7.4%

Housing Supply in Beverly Grove, CA

How many homes are available in Beverly Grove, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
135153+13.3%

Summary: The Beverly Grove real estate market had 153 homes for sale in May 2024, a 13.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2323
0.0%
2 3249
+53.1%
3 2527
+8.0%
4 1515
0.0%
5+ 4039
-2.5%

Summary: The Beverly Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.1%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Beverly Grove in May 2024, up by 8.3% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.

Days on Market for Beverly Grove, CA

How long does it take to sell a home in Beverly Grove, CA?

Average Sale Time

May 2023May 2024CHANGE
46 Days44 Days-4.1%

Summary: Homes in Beverly Grove had an average of 44 days on market in May 2024, down by 4.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Beverly Grove are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 26 homes were sold in Beverly Grove; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% 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 1 Day Ago

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