BEVERLY HILLS HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 9 sold this month in Beverly Hills Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is lower by 1 units or 7%. The total number of active inventory this March was 14 compared to 15 in March 2024. This month's total of 14 is higher than the previous month's total supply of available inventory of 12, an increase of 17%.

Last March, the median sale price for Beverly Hills Homes was $799,998. This March, the median sale price was $760,000, a decrease of 5% or $39,998 compared to last year. The current median sold price is 6% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 1.6 months of supply available in Beverly Hills, compared to 1.1 in March 2024. That is an increase of 45% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 15 homes newly listed for sale in Beverly Hills compared to 20 in March 2024, a decrease of 25%. There were 9 current contracts pending sale this March compared to 19 a year ago. The number of current contracts is 53% lower than last March.

In March, the average sale price in Beverly Hills was 98.1% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 6, lower than the average last year, which was 9, a decrease of 33%.





FOCUS ON: BEVERLY HILLS HOUSING MARKET			MARCH 2025

Zip Code(s): 22305
Units Sold 9	Active Inventory 14	Median Sale Price $760,000	Days On Market 6

Down Vs. Year Ago	Down -7% Vs. Year Ago	Down -5% Vs. Year Ago	Down -33% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 9 sold this month in Beverly Hills Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 1 units or 7%. The total number of active inventory this March was 14 compared to 15 in March 2024. This month's total of 14 is higher than the previous month's total supply of available inventory of 12, an increase of 17%.
		Median Sale Price Last March, the median sale price for Beverly Hills Homes was $799,998. This March, the median sale price was $760,000, a decrease of 5% or $39,998 compared to last year. The current median sold price is 6% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 15	Current Contracts 9	Sold Vs. List Price 98.1%	Months of Supply 1.6

Down -25% Vs. Year Ago	Down -53% Vs. Year Ago	Down -1.8% Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in Beverly Hills, compared to 1.1 in March 2024. That is an increase of 45% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 15 homes newly listed for sale in Beverly Hills compared to 20 in March 2024, a decrease of 25%. There were 9 current contracts pending sale this March compared to 19 a year ago. The number of current contracts is 53% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Beverly Hills was 98.1% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 6, lower than the average last year, which was 9, a decrease of 33%.


	Beverly Hills are defined as properties listed in zip code/s 22305.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.