$4,263 Closing Credit*
$359,000
1,108 SqFt
3 Beds
•2 Full Baths
Nicolas Petrucci, Listing Office: @properties Christie's Int'l R.E. Birmingham
Is Beverly Hills, MI 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 Hills was a Seller's Market.
Key Takeaway
Beverly Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Beverly Hills, MI
How much do homes in Beverly Hills, MI cost?
Median Sold Price
$530,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+3.4%)
Key Takeaway
Homes in Beverly Hills have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Beverly Hills was $530,000 in October 2024, up 3.4% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415K | $321.5K | -22.5% |
| 3 Bedrooms | $420K | $474K | +12.9% |
| 4 Bedrooms | $595K | $635K | +6.7% |
| 5+ Bedrooms | $706.5K | $690K | -2.3% |
Summary: Beverly Hills 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 decreased by 22.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Charter Township | $552K | $613.5K | +11.1% |
| Birmingham | $732.8K | $811K | +10.7% |
| Southfield Township | $260K | $270K | +3.8% |
| Beverly Hills | $512.5K | $530K | +3.4% |
Housing Supply in Beverly Hills, MI
How many homes are available in Beverly Hills, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Beverly Hills real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Beverly Hills 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 300%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Beverly Hills, 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 Beverly Hills in October 2024, down by 64.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Beverly Hills, MI
How long does it take to sell a home in Beverly Hills, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 28 Days | +93.4% |
Summary: Homes in Beverly Hills had an average of 28 days on market in Oct 2024, up by 93.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Beverly Hills has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Beverly Hills; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
