Is Hollywood Hills West, 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, Hollywood Hills West was a Neutral Market.
Housing Prices in Hollywood Hills West, CA
How much do homes in Hollywood Hills West, CA cost?
Median Sold Price
$2,569,000
$1,069/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hollywood Hills West was $2,569,000 in April 2024, up 0.4% from last year, and the median price per square foot was $1,069.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $915K | $888K | -3.0% |
2 Bedrooms | $1.6M | $1.6M | -0.2% |
3 Bedrooms | $2.5M | $2.6M | +2.6% |
4 Bedrooms | $3.0M | $3.1M | +5.5% |
5+ Bedrooms | $4.2M | $3.7M | -12.2% |
Summary: Hollywood Hills West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Neighborhoods
Laurel Hills | $2.5M | $2.7M | +8.2% |
Hollywood Hills West | $2.5M | $2.5M | 0.4% |
Studio City | $1.5M | $1.5M | -0.5% |
Laurel Canyon | $2.5M | $2.1M | -12.7% |
Housing Supply in Hollywood Hills West, CA
How many homes are available in Hollywood Hills West, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 188 | +22.9% |
Summary: The Hollywood Hills West real estate market had 188 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 44 | 57 | +29.5% |
5+ Bedrooms | 42 | 51 | +21.4% |
Summary: The Hollywood Hills West 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 33.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hollywood Hills West in April 2024, up by 20.0% month-over-month. Of the 24 sold homes, 67% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for Hollywood Hills West, CA
How long does it take to sell a home in Hollywood Hills West, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 66 Days | +119.1% |
Summary: Homes in Hollywood Hills West had an average of 66 days on market in Apr 2024, up by 119.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Hollywood Hills West; 54% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.