Is Hollywood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Hollywood was a Seller's Market.
Housing Prices in Hollywood, FL
How much do homes in Hollywood, FL cost?
Median Sold Price
$460,714
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Hollywood was $460,714 in November 2023, up 5.4% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $218.9K | -8.8% |
2 Bedrooms | $374K | $394.9K | +5.6% |
3 Bedrooms | $484.1K | $500K | +3.3% |
4 Bedrooms | $633.1K | $700K | +10.6% |
5+ Bedrooms | $995K | $1.3M | +35.7% |
Summary: Hollywood housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
West Park | $370K | $410K | +10.8% |
Hollywood | $437.1K | $460.7K | +5.4% |
Dania | $297K | $305K | +2.7% |
Dania Beach | $365K | $371K | +1.6% |
Housing Supply in Hollywood, FL
How many homes are available in Hollywood, FL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
1,084 | 1,175 | +8.4% |
Summary: The Hollywood real estate market had 1,175 homes for sale in November 2023, a 8.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 221 | 245 | +10.9% |
2 Bedrooms | 431 | 449 | +4.2% |
3 Bedrooms | 285 | 310 | +8.8% |
4 Bedrooms | 95 | 111 | +16.8% |
5+ Bedrooms | 52 | 60 | +15.4% |
Summary: The Hollywood housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
143 | 85 | -40.6% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Hollywood in November 2023, down by 40.6% month-over-month. Of the 85 sold homes, 74% were sold under asking, 16% were sold at asking, and 9% were sold over asking.
Days on Market for Hollywood, FL
How long does it take to sell a home in Hollywood, FL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
39 Days | 78 Days | +98.3% |
Summary: Homes in Hollywood had an average of 78 days on market in Nov 2023, up by 98.3% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During November 2023, 85 homes were sold in Hollywood; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.