TEAM UPMOST
Beverly Hills, CA
Single-Family Homes
ARMAN GRIGORYAN| REALTOR® DRE#01711745 & AMY OGANYAN | REALTOR® DRE#02013669
Beverly Hills, CA
Fri Jun 28 2024
This week the median list price for Beverly Hills, CA is $7,997,500 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 214.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $7,997,500 | |
| Median Price of New Listings | $4,992,500 | |
| Per Square Foot | $1,579 | |
| Average Days on Market | 167 | |
| Median Days on Market | 84 | |
| Price Decreased | 29% | |
| Price Increased | 2% | |
| Relisted | 12% | |
| Inventory | 214 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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 |
|---|---|---|---|---|---|---|---|---|
| $29,995,000 | 10,161 | 1 - 2.5 acres | 7 | 9 | 30 | 3 | 0 | 112 |
| $12,400,000 | 6,328 | 0.5 - 1 acre | 5 | 7 | 60 | 0 | 3 | 105 |
| $5,241,500 | 4,120 | 0.25 - 0.5 acre | 5 | 5 | 59 | 5 | 2 | 66 |
| $2,892,499 | 2,499 | 0.25 - 0.5 acre | 3 | 4 | 68 | 4 | 8 | 63 |