Is Hollywood, FL 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, Hollywood was a Seller's Market.
Housing Prices in Hollywood, FL
How much do homes in Hollywood, FL cost?
Median Sold Price
$474,508
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hollywood was $474,508 in March 2024, up 6.8% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $224K | $238.7K | +6.5% |
2 Bedrooms | $389.2K | $399K | +2.5% |
3 Bedrooms | $485K | $522.3K | +7.7% |
4 Bedrooms | $643.4K | $724K | +12.5% |
5+ Bedrooms | $1.0M | $1.3M | +34.3% |
Summary: Hollywood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
Dania | $297K | $340K | +14.5% |
Pembroke Park | $161K | $183.5K | +14.0% |
West Park | $375K | $422.5K | +12.7% |
Hollywood | $444.4K | $474.5K | +6.8% |
Dania Beach | $375K | $390K | +4.0% |
Housing Supply in Hollywood, FL
How many homes are available in Hollywood, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,257 | 1,418 | +12.8% |
Summary: The Hollywood real estate market had 1,418 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 284 | 322 | +13.4% |
2 Bedrooms | 464 | 529 | +14.0% |
3 Bedrooms | 316 | 356 | +12.7% |
4 Bedrooms | 126 | 132 | +4.8% |
5+ Bedrooms | 67 | 79 | +17.9% |
Summary: The Hollywood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 118 | +1.7% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Hollywood in March 2024, up by 1.7% month-over-month. Of the 118 sold homes, 75% were sold under asking, 14% were sold at asking, and 12% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 59 Days | +20.7% |
Summary: Homes in Hollywood had an average of 59 days on market in Mar 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During March 2024, 118 homes were sold in Hollywood; 43% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.