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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hollywood is a buyer's market

Buyer's
Market

Difference Since October 2023

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

$485,000

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,006(+5.4%)

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 $485,000 in October 2024, up 5.4% from last year, and the median price per square foot was $359.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225.2K$248.3K
+10.2%
2 $392.9K$380.1K
-3.3%
3 $500K$549.1K
+9.8%
4 $700K$721.5K
+3.1%
5+ $1.1M$1.0M
-9.9%

Summary: Hollywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Pembroke Park
+101.7%
Dania
+19.8%
West Park
+12.7%
Dania Beach
+9.3%
Hollywood
+5.4%

Housing Supply in Hollywood, FL

How many homes are available in Hollywood, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,3921,521+9.3%

Summary: The Hollywood real estate market had 1,521 homes for sale in October 2024, a 9.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 318355
+11.6%
2 535570
+6.5%
3 332380
+14.5%
4 135134
-0.7%
5+ 7282
+13.9%

Summary: The Hollywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 13.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13799-27.7%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 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. 82.8% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Hollywood in October 2024, down by 27.7% month-over-month. Of the 99 sold homes, 83% were sold under asking, 9% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
67 Days75 Days+12.1%

Summary: Homes in Hollywood had an average of 75 days on market in Oct 2024, up by 12.1% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

27 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.

Summary: During October 2024, 99 homes were sold in Hollywood; 37% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Hollywood, FL

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