Is North Hollywood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Hollywood has remained a Seller's Market.
Housing Prices in North Hollywood, CA
How much do homes in North Hollywood, CA cost?
Median Sold Price
$831,500
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Hollywood was $831,500 in March 2024, down 2.2% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $384K | $400K | +4.2% |
2 Bedrooms | $647K | $705K | +9.0% |
3 Bedrooms | $905K | $850K | -6.1% |
4 Bedrooms | $1.1M | $1.0M | -2.7% |
5+ Bedrooms | $1.3M | $1.3M | -0.4% |
Summary: North Hollywood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in North Hollywood, CA
How many homes are available in North Hollywood, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 76 | +4.1% |
Summary: The North Hollywood real estate market had 76 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 27 | 20 | -25.9% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The North Hollywood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 14 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Hollywood in March 2024, down by 36.4% month-over-month. Of the 14 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for North Hollywood, CA
How long does it take to sell a home in North Hollywood, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 17 Days | -26.4% |
Summary: Homes in North Hollywood had an average of 17 days on market in Mar 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in North Hollywood; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.