$5,950,000
5,993 SqFt
4 Beds
•4 Full Baths, 1 Partial
Simon Mills, Listing Office: Mills Realty of California
Is Bel-Air, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bel-Air was a Seller's Market.
Key Takeaway
Bel-Air is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bel-Air, CA
How much do homes in Bel-Air, CA cost?
Median Sold Price
$3,800,000
$1,035/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$132,500(+3.6%)
Key Takeaway
Homes in Bel-Air have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Bel-Air was $3,800,000 in October 2024, up 3.6% from last year, and the median price per square foot was $1,035.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $889K | $1.2M | +38.9% |
| 3 Bedrooms | $2.4M | $2.8M | +17.5% |
| 4 Bedrooms | $3.4M | $3.7M | +11.2% |
| 5+ Bedrooms | $6.2M | $8.1M | +30.3% |
Summary: Bel-Air housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Beverly Glen | $2.0M | $3.5M | +78.9% |
| Bel-Air | $3.6M | $3.8M | +3.6% |
| The Westside | $1.7M | $1.7M | -0.2% |
| Westwood | $1.2M | $1.2M | -1.2% |
Housing Supply in Bel-Air, CA
How many homes are available in Bel-Air, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 89 | +8.5% |
Summary: The Bel-Air real estate market had 89 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 53 | 55 | +3.8% |
Summary: The Bel-Air housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bel-Air, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bel-Air in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Bel-Air, CA
How long does it take to sell a home in Bel-Air, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 61 Days | +91.0% |
Summary: Homes in Bel-Air had an average of 61 days on market in Oct 2024, up by 91% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel-Air are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Bel-Air; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.