Is Hollywood Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hollywood Hills has remained a Seller's Market.
Housing Prices in Hollywood Hills, CA
How much do homes in Hollywood Hills, CA cost?
Median Sold Price
$1,750,000
$866/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hollywood Hills was $1,750,000 in April 2024, up 4.5% from last year, and the median price per square foot was $866.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $521.7K | $600K | +15.0% |
2 Bedrooms | $1.1M | $1.1M | +4.8% |
3 Bedrooms | $1.8M | $1.8M | +0.8% |
4 Bedrooms | $2.3M | $2.6M | +12.4% |
5+ Bedrooms | $3.0M | $3.5M | +15.9% |
Summary: Hollywood Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Neighborhoods
Beachwood Canyon | $1.5M | $1.8M | +21.1% |
Cahuenga Pass | $1.6M | $1.8M | +11.3% |
Hollywood Hills | $1.6M | $1.7M | +4.5% |
Hollywood Dell | $1.4M | $1.4M | +0.7% |
Housing Supply in Hollywood Hills, CA
How many homes are available in Hollywood Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 151 | +10.2% |
Summary: The Hollywood Hills real estate market had 151 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 22 | 29 | +31.8% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 43 | 47 | +9.3% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Hollywood Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Hollywood Hills in April 2024, up by 7.4% month-over-month. Of the 29 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.
Days on Market for Hollywood Hills, CA
How long does it take to sell a home in Hollywood Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 24 Days | -34.5% |
Summary: Homes in Hollywood Hills had an average of 24 days on market in Apr 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Hollywood Hills; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.