In January 2025, home prices in Beverly Hills surged 25.7% year-over-year, with the median sale price reaching $4.2 million. This significant increase highlights the ongoing demand for luxury properties in the area. Homes are also selling faster, averaging 68 days on the market—a notable improvement from 88 days last year, indicating stronger buyer confidence and quicker transactions. Additionally, 23 homes were sold in January, slightly up from 22 sales the previous year. This steady rise in both prices and sales volume suggests that despite the premium price point, Beverly Hills remains a highly sought-after real estate market, attracting affluent buyers looking for exclusivity and high-end living.

The Beverly Hills real estate market is somewhat competitive, with homes typically selling in 68 days. While multiple offers are possible, they are not guaranteed. On average, homes sell for about 5% below the list price before going pending. However, hot homes—those in prime locations or with highly desirable features—can sell closer to the asking price and go pending in approximately 37 days. This indicates that while buyers have some negotiating power, well-priced luxury properties in Beverly Hills can still attract strong interest and move relatively quickly.

In December 2024, Beverly Hills, CA was a buyer’s market, meaning that the supply of homes outpaced buyer demand. This market condition gives buyers more negotiating power, as sellers may need to be more flexible on pricing and terms to secure a sale. While luxury homes in Beverly Hills continue to attract interest, the extended time on the market and the ability to purchase properties below asking price suggest that buyers have the advantage in negotiations. For those looking to invest in high-end real estate, this could be an opportune time to secure a prime Beverly Hills property at a more favorable price.