$5,188,000
5,747 SqFt
5 Beds
•5 Full Baths, 1 Partial
J. Todd Michaud, Listing Office: Keller Williams Hollywood Hills
Is Beverly Grove, 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, Beverly Grove was a Seller's Market.
Key Takeaway
Beverly Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Beverly Grove, CA
How much do homes in Beverly Grove, CA cost?
Median Sold Price
$1,868,500
$854/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+0.3%)
Key Takeaway
The sold price of homes in Beverly Grove has remained the same since last year.
Summary: The median home sold price in Beverly Grove was $1,868,500 in October 2024, up 0.3% from last year, and the median price per square foot was $854.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | $622.5K | -7.8% |
| 2 Bedrooms | $1.4M | $1.5M | +5.8% |
| 3 Bedrooms | $2.1M | $1.8M | -13.0% |
| 4 Bedrooms | $2.4M | $2.5M | +2.9% |
| 5+ Bedrooms | $3.0M | $3.1M | +5.2% |
Summary: Beverly Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Tri-West | $1.2M | $1.4M | +14.4% |
| Center City | $890K | $907.5K | +2.0% |
| Beverly Grove | $1.8M | $1.8M | 0.3% |
| Fairfax | $1.9M | $1.8M | -3.1% |
Housing Supply in Beverly Grove, CA
How many homes are available in Beverly Grove, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 145 | +11.5% |
Summary: The Beverly Grove real estate market had 145 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 31 | 39 | +25.8% |
Summary: The Beverly Grove 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 increased by 4.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beverly Grove, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Beverly Grove in October 2024, the same as the previous month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% were sold over asking.
Days on Market for Beverly Grove, CA
How long does it take to sell a home in Beverly Grove, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 50 Days | +27.1% |
Summary: Homes in Beverly Grove had an average of 50 days on market in Oct 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Beverly Grove has remained consistent over time.
Summary: During October 2024, 17 homes were sold in Beverly Grove; 35% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% 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.