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.
Key Takeaway
Hollywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Hollywood have sold for 5.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Hollywood, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Hollywood are selling fast, if you're buying plan to act quickly.
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.
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