Is West 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, 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
$1,198,333
$861/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Hollywood was $1,198,333 in March 2024, up 3.8% from last year, and the median price per square foot was $861.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $675K | 0.0% |
2 Bedrooms | $1.2M | $1.1M | -3.5% |
3 Bedrooms | $1.7M | $2.4M | +42.9% |
4 Bedrooms | $2.6M | $1.8M | -31.3% |
5+ Bedrooms | $2.9M | $2.7M | -4.2% |
Summary: West Hollywood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
West Hollywood | $1.1M | $1.1M | +3.8% |
Los Angeles | $988.7K | $975.9K | -1.3% |
Beverly Hills | $3.5M | $3.0M | -16.1% |
Housing Supply in West Hollywood, CA
How many homes are available in West Hollywood, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
197 | 229 | +16.2% |
Summary: The West Hollywood real estate market had 229 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 48 | +23.1% |
2 Bedrooms | 87 | 96 | +10.3% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The West Hollywood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 34 | +47.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in West Hollywood in March 2024, up by 47.8% month-over-month. Of the 34 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 48 Days | +6.5% |
Summary: Homes in West Hollywood had an average of 48 days on market in Mar 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in West Hollywood; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.