Is West Hollywood, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hollywood is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, West Hollywood was a Seller's Market.

Key Takeaway

West Hollywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in West Hollywood, CA cost?

Median Sold Price

$1,100,000

$839/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$132,250(+13.7%)

Key Takeaway

Homes in West Hollywood have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $645K$657.5K
+1.9%
2 $996.7K$1.2M
+20.4%
3 $1.9M$1.6M
-12.8%
4 $3.1M$2.7M
-11.3%
5+ $2.7M$4.0M
+50.2%

Median Sold Price Compared To Nearby Cities

West Hollywood
+13.7%
Los Angeles
+7.6%
Beverly Hills
-4.7%

How many homes are available in West Hollywood, CA?

Number of Homes For Sale

Dec 2022Jan 2023%
137172+25.5%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 2930
+3.4%
2 5067
+34.0%
3 2837
+32.1%
4 1015
+50.0%
5+ 2023
+15.0%

Number of Homes Sold

Dec 2022Jan 2023%
2119-9.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hollywood, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
48 Days54 Days+14.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Hollywood has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About West Hollywood, CA

Number of homes for sale in West Hollywood, CA real estate market have reached 172. In January 2023 in West Hollywood, CA there were 25.5% more homes for sale than in December 2022. Listings spent 54 days on the market in January 2023, and had a median list price of $1,100,000 during the same period. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 1.9%, prices of 2 bedrooms properties went up by 20.4%, prices of 3 bedrooms properties decreased by 12.8%, the cost of 4 bedrooms properties went down by 11.3%, prices of 5 bedrooms properties went up by 50.2%. Housing inventory have changed in this real estate market: 1 bedroom homes became 3.4% more available, volume of 2 bedrooms homes went up by 34%, volume of 3 bedrooms homes went up by 32.1%, number of 4 bedrooms homes increased by 50%, the quantity of 5 bedrooms homes went up by 15%. Over 5 listings were sold over their listed price in January 2023 in West Hollywood, CA. In the same period over 13 listings were sold below the listed price and 1 listings were sold for the listed price.

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