Is Beverly Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beverly Grove has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $655K | $649K | -0.9% |
2 Bedrooms | $1.4M | $1.4M | -1.8% |
3 Bedrooms | $2.0M | $2.0M | -2.0% |
4 Bedrooms | $2.8M | $2.6M | -7.2% |
5+ Bedrooms | $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 | $869.4K | $890K | +2.4% |
Beverly Grove | $1.9M | $1.8M | -1.8% |
Fairfax | $2.0M | $1.8M | -7.4% |
Housing Supply in Beverly Grove, CA
How many homes are available in Beverly Grove, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 153 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 23 | 0.0% |
2 Bedrooms | 32 | 49 | +53.1% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 40 | 39 | -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 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 44 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
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.