Is Beaumont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beaumont has remained a Seller's Market.
Key Takeaway
Beaumont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beaumont, CA
How much do homes in Beaumont, CA cost?
Median Sold Price
$514,997
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Beaumont have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Beaumont was $514,997 in May 2024, up 1.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $242.5K | -11.8% |
| 2 Bedrooms | $432.5K | $428.5K | -0.9% |
| 3 Bedrooms | $480K | $488.9K | +1.9% |
| 4 Bedrooms | $535K | $545K | +1.9% |
| 5+ Bedrooms | $589.5K | $605K | +2.6% |
Summary: Beaumont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Hemet-San Jacinto | $429.9K | $439.4K | +2.2% |
| San Gorgonio Pass | $465K | $473.8K | +1.9% |
| Calimesa | $541.5K | $550K | +1.6% |
| Beaumont | $509.6K | $514.9K | +1.1% |
| Banning | $383.3K | $376K | -1.9% |
Housing Supply in Beaumont, CA
How many homes are available in Beaumont, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 264 | 290 | +9.8% |
Summary: The Beaumont real estate market had 290 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 61 | +41.9% |
| 3 Bedrooms | 76 | 71 | -6.6% |
| 4 Bedrooms | 105 | 116 | +10.5% |
| 5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The Beaumont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaumont, expect to pay close to the asking price. 34.9% of homes here sold near the asking price last month.
Summary: A total of 63 homes were sold or pending in Beaumont in May 2024, up by 5.0% month-over-month. Of the 63 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Beaumont, CA
How long does it take to sell a home in Beaumont, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 40 Days | -12.3% |
Summary: Homes in Beaumont had an average of 40 days on market in May 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaumont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 63 homes were sold in Beaumont; 56% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 8% 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.