Market Report
Beverly Hills, CA
Single-Family Homes
Chartwell Escrow
Beverly Hills, CA
Sat Sep 07 2024
This week the median list price for Beverly Hills, CA is $8,995,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 214.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $8,995,000 | |
| Median Price of New Listings | $5,150,000 | |
| Per Square Foot | $1,662 | |
| Average Days on Market | 190 | |
| Median Days on Market | 109 | |
| Price Decreased | 32% | |
| Price Increased | 1% | |
| Relisted | 23% | |
| Inventory | 214 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $28,950,000 | 10,274 | 0.5 - 1 acre | 7 | 8.5 | 26 | 1 | 0 | 140 |
| $12,900,000 | 6,941 | 0.5 - 1 acre | 5 | 6.5 | 63 | 2 | 4 | 133 |
| $6,199,500 | 4,186 | 0.25 - 0.5 acre | 5 | 5 | 59 | 5 | 4 | 80 |
| $3,072,000 | 2,592 | 0.25 - 0.5 acre | 4 | 3 | 73 | 3 | 5 | 91 |