Thinking about a bigger home or a simpler one in Beverly Hills, MI? That decision can feel exciting and overwhelming at the same time, especially when you are balancing timing, equity, financing, and a fast-moving local market. The good news is that with the right plan, you can make a smart move that fits your goals, budget, and lifestyle. Let’s dive in.
Why rightsizing looks different in Beverly Hills
Beverly Hills is a small, high-value market with limited inventory. According to Realtor.com’s Beverly Hills market snapshot, the median listing price is $635,000 and there are just 23 properties for sale. Redfin’s February 2026 data also points to a quick pace, with a median sale price of $642,500 and a median of 23 days on market.
That matters because your next move is not just about selling one house and buying another. In Beverly Hills, a tight supply can make it harder to find the right replacement home, whether you want more square footage, less upkeep, or a different monthly payment. Your strategy needs to account for both sides of the move.
Start with your real goal
Before you look at listings, define what “better” means for you. Some homeowners want more bedrooms, a newer layout, or more room to spread out. Others want fewer stairs, lower maintenance, or a smaller monthly payment.
A clear goal helps you avoid making a sideways move. If you know whether you are chasing space, convenience, lower costs, or a shorter commute, you can compare nearby markets with more confidence.
What upsizing may look like
If you want a meaningfully larger or newer home and hope to stay in Beverly Hills, your options may be limited. The current Beverly Hills housing supply includes sample listings from about 1,659 to 4,023 square feet, with prices roughly between $599,900 and $1.2 million. In a market this tight, you may not see many choices that clearly feel like a step up.
That is why many move-up buyers widen the search. Nearby markets can offer more inventory, different price points, and a better chance of finding the size or style you want.
Birmingham and Bloomfield Hills
If your priority is a higher-end move within the same general corridor, Birmingham and Bloomfield Hills are common comparison points. Birmingham’s market snapshot shows 121 homes for sale and a median listing price of $1,337,499. The same source notes neighborhood medians around $647,450 in Downtown Birmingham and $749,000 in Franklin.
Bloomfield Hills sits in a similar premium tier. Based on the same local market context in the research, it had a median sale price of $885,000, only 3 homes sold in February 2026, and 73 days on market. In practical terms, that can mean a longer search and a larger budget if you are aiming for a substantial upgrade.
Troy for more space at varied price points
If your goal is more space without jumping into Birmingham-level pricing, Troy may offer a useful middle ground. Troy’s local market data shows a $399,900 median home price, 166 homes for sale, and 38 days on market. The same report notes zip-level medians ranging from $340,000 in 48083 to $538,250 in 48098.
That range can give you more flexibility. You may be able to find a home with more room or a different layout while keeping your purchase below what a similar jump might cost in some higher-priced nearby markets.
What downsizing may look like
Downsizing is not always about spending less. Sometimes it is about simplifying maintenance, unlocking equity, or moving into a home that fits how you live now. In Beverly Hills, that conversation is especially relevant because Census QuickFacts for Beverly Hills village shows a 94.8% owner-occupied housing rate and 21.9% of residents age 65 and older.
If you are considering a smaller next home, several nearby markets may offer a better mix of inventory and lower monthly costs.
Warren for lower price points
Warren is the most affordable nearby market cited in the research. Warren’s market snapshot shows a $199,000 median home price, 481 homes for sale, and 54 days on market. Neighborhood medians range from about $137,500 in Southeast Warren to about $249,900 in Northwest Warren.
For homeowners focused on reducing monthly housing costs, that spread creates more options. It may also make it easier to preserve more sale proceeds from a Beverly Hills home for savings, travel, or other long-term goals.
Farmington Hills and Troy for Oakland County options
If you want to stay in Oakland County while reducing size or complexity, Farmington Hills and Troy can both make sense to compare. Farmington Hills market data in the research shows a $355,000 median home price and 206 homes for sale, while Troy offers a broad price ladder from the mid-$300,000s to the $500,000s depending on zip code.
These markets can appeal to sellers who want a practical reset rather than a dramatic change. You may find more choices, different home styles, and a lower entry point than Beverly Hills, while still staying within the broader area.
Compare nearby markets at a glance
| Market | Median Home Price | Homes for Sale | Days on Market |
|---|---|---|---|
| Beverly Hills | $635,000 list / $642,500 sale | 23 | 23 |
| Troy | $399,900 | 166 | 38 |
| Farmington Hills | $355,000 | 206 | 56 |
| Warren | $199,000 | 481 | 54 |
| Oakland County | $369,000 | 3,816 | 38 |
This table highlights why your strategy should be personal, not generic. A Beverly Hills seller who wants more space may look toward Troy, Birmingham, or Bloomfield Hills, while a seller who wants lower costs and easier upkeep may compare Farmington Hills or Warren.
Should you sell first or buy first?
For most homeowners, selling first is the safer path. The Consumer Financial Protection Bureau’s homebuying guidance says homeowners normally try to sell their current home before buying another one. That approach can help you understand exactly how much equity you have available before you commit to the next purchase.
Selling first can also reduce the risk of carrying two housing payments at once. In a market with limited Beverly Hills inventory, though, the tradeoff is that you may need temporary housing or extra flexibility while you search for the right next home.
When buying first may make sense
Buying first can work if you have strong liquidity, substantial equity, or a very specific replacement target. This is where a bridge loan sometimes enters the conversation. According to Fannie Mae’s bridge and swing loan guidance, this type of financing can be an acceptable source of funds if it is not cross-collateralized against the new property and the lender documents your ability to carry the current home, new home, bridge loan, and other obligations.
That means a bridge loan can be useful, but it is not casual financing. It tends to fit best when your equity position is clear and your timing window is short.
How much equity do you need?
There is no one number that works for everyone, but your equity has to cover more than just a down payment. You also need to think about closing costs, moving expenses, repairs, and possibly temporary housing. The CFPB notes that closing costs typically run about 2% to 5% of the purchase price, not including the down payment.
If you are financing the next home, a larger down payment may improve your options. The CFPB also notes that putting 20% down can help you avoid mortgage insurance in many cases. For upsizers especially, that can make a noticeable difference in your monthly payment.
Why timing matters more now
Interest rates affect the overlap period if you carry two homes, even briefly. Freddie Mac’s PMMS archive shows the 30-year fixed-rate mortgage at 6.00% on March 5, 2026 and 6.11% on March 12, 2026. Those rates are not a personalized quote, but they are a reminder that short-term overlap can still be expensive.
Timing also matters because search periods vary by market. Beverly Hills is moving faster than Oakland County overall, with 23 days on market versus 38 countywide, based on the research. If you are upsizing into a tighter or more expensive segment, it is wise to expect a search that may take longer than your sale.
A practical planning checklist
Before you make a move, work through the basics in order:
- Define whether your goal is more space, less maintenance, lower monthly cost, or a mix of all three
- Estimate your likely sale proceeds from your current home
- Build a purchase budget that includes down payment, closing costs, and moving expenses
- Get preapproved before your home search becomes urgent
- Compare nearby markets based on price, inventory, and days on market
- Decide whether selling first, buying first, or temporary housing fits your risk tolerance
- Ask your lender whether a bridge loan is worth exploring for your timeline
A solid plan can make the difference between a stressful double move and a controlled transition.
If you are 62 or older
If you are age 62 or older, it may be worth asking your lender or financial advisor about a broader set of financing tools. The CFPB’s reverse mortgage guidance explains that reverse mortgages are generally for homeowners age 62 and older and are usually repaid when the borrower sells the home or no longer lives in it. The CFPB also notes that a Home Equity Conversion Mortgage for Purchase can be used to buy a new principal residence for eligible borrowers.
This will not fit every downsizer, but it can be useful to compare options rather than assume a bridge loan is your only path. The right solution depends on your age, equity, cash flow, and long-term plans.
Build your move around real numbers
Upsizing or downsizing in Beverly Hills is not just a housing decision. It is an equity decision, a timing decision, and often a lifestyle decision. With Beverly Hills inventory still limited and nearby markets offering very different price points, the smartest moves start with a custom plan rather than a quick online search.
If you want a clear picture of what your current home could sell for and how that could translate into your next purchase, Nicolas Petrucci Properties can help you map out a thoughtful, high-touch strategy tailored to Beverly Hills and the greater Oakland County market.
FAQs
Should I sell my Beverly Hills home before buying my next home?
- For many homeowners, yes. The CFPB says homeowners normally try to sell their current home before buying another one, which can reduce the risk of carrying two payments at once.
How much should I budget for closing costs on my next home purchase?
- The CFPB says closing costs typically run about 2% to 5% of the purchase price, not including your down payment.
Which nearby market may work best for downsizing from Beverly Hills?
- Warren offers the lowest median home price in the research, while Troy and Farmington Hills may appeal if you want more inventory and want to stay closer to Oakland County price points.
Which nearby market may work best for upsizing from Beverly Hills?
- If you want a higher-end move, Birmingham or Bloomfield Hills may be natural comparison points. If you want more space with a wider range of prices, Troy may offer a more flexible search.
Is a bridge loan useful for a Beverly Hills move?
- It can be, especially if your equity is clear and your timeline is short, but lenders must document your ability to carry the current home, the new home, and the bridge loan.
What financing options should homeowners age 62 or older compare when downsizing?
- In addition to traditional financing and bridge loans, eligible homeowners may want to ask about reverse mortgage options, including a Home Equity Conversion Mortgage for Purchase.
