Nicole Costas' Market Report

Beverly Hills, CA

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole.costas@compass.com



Beverly Hills, CA

Sun Apr 14 2024
This week the median list price for Beverly Hills, CA is $9,237,500 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 174. Click here to stay informed with the Beverly Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Beverly Hills, CA

Sun Apr 14 2024
This week the median list price for Beverly Hills, CA is $9,237,500 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 174. Click here to stay informed with the Beverly Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Beverly Hills market.
Median List Price $9,237,500
Median Price of New Listings $4,495,000
Per Square Foot $1,768
Average Days on Market 198
Median Days on Market 133
Price Decreased 22%
Price Increased 1%
Relisted 10%
Inventory 174
Median Rent
Market Action 27
Slight Buyer'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
$29,995,000 10,652 1 - 2.5 acres 7 11 31 0 1 168
$12,995,000 7,000 0.5 - 1 acre 5 7 53 1 3 196
$6,647,500 4,384 0.25 - 0.5 acre 5 5 62 3 3 136
$2,995,000 2,594 0.25 - 0.5 acre 3 3.3 68 3 1 35