Is West Hollywood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Hollywood was a Seller's Market.
Housing Prices in West Hollywood, CA
How much do homes in West Hollywood, CA cost?
Median Sold Price
$1,147,500
$859/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Hollywood was $1,147,500 in April 2024, down 4% from last year, and the median price per square foot was $859.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $660K | $675K | +2.3% |
2 Bedrooms | $1.2M | $1.1M | -5.9% |
3 Bedrooms | $1.7M | $2.2M | +28.8% |
4 Bedrooms | $2.6M | $2.0M | -22.7% |
5+ Bedrooms | $2.9M | $2.6M | -8.3% |
Summary: West Hollywood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 28.8%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
Los Angeles | $978.8K | $986.4K | +0.8% |
West Hollywood | $1.1M | $1.1M | -4.0% |
Beverly Hills | $3.5M | $3.1M | -10.3% |
Housing Supply in West Hollywood, CA
How many homes are available in West Hollywood, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 236 | +19.2% |
Summary: The West Hollywood real estate market had 236 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 63 | +40.0% |
2 Bedrooms | 87 | 92 | +5.7% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 24 | 32 | +33.3% |
Summary: The West Hollywood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 33 | -8.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in West Hollywood in April 2024, down by 8.3% month-over-month. Of the 33 sold homes, 42% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for West Hollywood, CA
How long does it take to sell a home in West Hollywood, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 33 Days | -28.6% |
Summary: Homes in West Hollywood had an average of 33 days on market in Apr 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in West Hollywood; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.