Jennifer Lopez and Ben Affleck, who finalized their divorce earlier this year, made a joint decision to pull their Beverly Hills mansion off the market. They had listed the $68 million estate for sale in June 2024, just weeks before Lopez filed for divorce in August.

Couple Struggled to Find Buyer

Despite their efforts, the mansion didn’t attract any serious buyers. They had originally bought the massive home in May 2023. It includes 12 bedrooms, 24 bathrooms, a 12-car garage, and luxury features like a sports lounge, full gym, and a bar. The property also features a 5,000-square-foot guest penthouse, a two-bedroom guardhouse, and a caretaker’s home.

They Tried Lowering the Price

The former couple lowered the asking price by $8.5 million—from $68 million to $59.5 million—hoping to generate more interest. However, the market didn’t respond well. A source told PEOPLE, “While they’ve been hoping to sell the property, they’ve also been hesitant to take a big loss.” The insider added, “They lowered the price to get more interest and when this didn’t happen, they were advised to take it off the market. It was a business decision that they made together.”

Real Estate Market Remains Tough

A real estate expert explained to PEOPLE that the decision made sense due to current market conditions. “Taking it off the market until it’s more of a seller-friendly climate seems like the smartest decision,” the source said.

New Homes After Divorce

After separating, Lopez and Affleck moved into new homes. Lopez purchased an $18 million property in Los Angeles. Meanwhile, Affleck bought a $20.5 million home in Pacific Palisades in July 2024. He chose the location so he could stay close to his children—Violet (19), Seraphina (16), and Samuel (12).