Is Hollywood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hollywood was a Seller's Market.
Housing Prices in Hollywood, CA
How much do homes in Hollywood, CA cost?
Median Sold Price
$982,500
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hollywood was $982,500 in March 2024, up 6.5% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $533.5K | $552.2K | +3.5% |
2 Bedrooms | $822.5K | $851K | +3.5% |
3 Bedrooms | $1.5M | $1.3M | -13.0% |
4 Bedrooms | $1.5M | $1.5M | -0.3% |
5+ Bedrooms | $2.2M | $3.0M | +36.4% |
Summary: Hollywood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Neighborhoods
Hollywood | $922.5K | $982.5K | +6.5% |
Whitley Heights | $1.0M | $1.1M | +5.1% |
Housing Supply in Hollywood, CA
How many homes are available in Hollywood, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 130 | +17.1% |
Summary: The Hollywood real estate market had 130 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 21 | +5.0% |
2 Bedrooms | 33 | 34 | +3.0% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The Hollywood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Hollywood in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Hollywood, CA
How long does it take to sell a home in Hollywood, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 32 Days | -36.1% |
Summary: Homes in Hollywood had an average of 32 days on market in Mar 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Hollywood; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.