$3,590,000
4,790 SqFt
4 Beds
•4 Full Baths
Brittanie Costa, Listing Office: Homequest Real Estate
Is Bel-Air, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$4,305,300
$1,032/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$555,300(+14.8%)
Key Takeaway
Homes in Bel-Air have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Bel-Air was $4,305,300 in December 2024, up 14.8% from last year, and the median price per square foot was $1,032.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $1.1M | +10.1% |
| 3 Bedrooms | $2.3M | $2.9M | +26.1% |
| 4 Bedrooms | $3.1M | $3.6M | +16.0% |
| 5+ Bedrooms | $6.2M | $9.8M | +56.4% |
Summary: Bel-Air housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 56.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bel-Air | $3.7M | $4.3M | +14.8% |
| The Westside | $1.7M | $1.7M | +0.9% |
| Westwood | $1.2M | $1.2M | -3.1% |
| Beverly Glen | $2.9M | $2.5M | -14.9% |
Housing Supply in Bel-Air, CA
How many homes are available in Bel-Air, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 73 | 70 | -4.1% |
Summary: The Bel-Air real estate market had 70 homes for sale in December 2024, a 4.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 46 | 47 | +2.2% |
Summary: The Bel-Air housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bel-Air in December 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 95 Days | +104.4% |
Summary: Homes in Bel-Air had an average of 95 days on market in Dec 2024, up by 104.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bel-Air has remained consistent over time.
Summary: During December 2024, 3 homes were sold in Bel-Air; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.