Is Hollywood, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hollywood is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Hollywood has remained a Seller's Market.

Key Takeaway

Hollywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hollywood, FL cost?

Median Sold Price

$400,750

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$68,009(+20.4%)

Key Takeaway

Homes in Hollywood have sold for 20.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $168.8K$235K
+39.2%
2 $273.5K$349.9K
+27.9%
3 $376.1K$460K
+22.3%
4 $482.5K$559.5K
+16.0%
5+ $1.1M$1.0M
-12.0%

Median Sold Price Compared To Nearby Cities

West Park
+22.0%
Dania Beach
+20.9%
Hollywood
+20.4%
Dania
+13.0%

How many homes are available in Hollywood, FL?

Number of Homes For Sale

May 2022Jun 2022%
725779+7.4%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 161171
+6.2%
2 228232
+1.8%
3 240245
+2.1%
4 6083
+38.3%
5+ 3648
+33.3%

Number of Homes Sold

May 2022Jun 2022%
1581580.0%

Asking Price vs. Sold Price

81 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hollywood, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
52 Days36 Days-30.2%

Breakdown of Home Sale Times

105 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hollywood are selling fast, if you're buying plan to act quickly.

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

About Hollywood, FL

There are 779 homes are for sale in Hollywood, FL real estate market. Between May 2022 and June 2022, Hollywood, FL real estate market has seen increase in the number of listings by 7.4%. While the average time on the market in June 2022 was 36 days, the median list price was $400,750. Real estate listing prices changed between May 2022 and June 2022: prices of 1 bedroom properties increased by 39.2%, prices of 2 bedrooms properties went up by 27.9%, 3 bedrooms properties prices increased by 22.3%, 4 bedrooms properties prices increased by 16%, prices of 5 bedrooms properties decreased by 12%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 6.2%, 2 bedrooms homes inventory increased by 1.8%, the quantity of 3 bedrooms homes went up by 2.1%, the quantity of 4 bedrooms homes went up by 38.3%, 5 bedrooms homes became 33.3% more available. While more than 51 listings in Hollywood, FL in June 2022 were sold above asking price, there were more than 26 listings sold at asking price, and more than 81 were sold below.

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