Is Hollywood Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hollywood Lakes was a Seller's Market.
Key Takeaway
Hollywood Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood Lakes, FL
How much do homes in Hollywood Lakes, FL cost?
Median Sold Price
$750,000
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hollywood Lakes have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Hollywood Lakes was $750,000 in April 2024, up 13.6% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $157.5K | +5.4% |
| 2 Bedrooms | $470K | $480K | +2.1% |
| 3 Bedrooms | $740K | $744.5K | +0.6% |
| 4 Bedrooms | $1.0M | $995K | -5.6% |
| 5+ Bedrooms | $1.7M | $2.4M | +37.9% |
Summary: Hollywood Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Hollywood Lakes | $660K | $750K | +13.6% |
| Central Business District | $670K | $625K | -6.7% |
Housing Supply in Hollywood Lakes, FL
How many homes are available in Hollywood Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 169 | +9.0% |
Summary: The Hollywood Lakes real estate market had 169 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 54 | 64 | +18.5% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Hollywood Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood Lakes, you may be able to get a good deal. 93.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Hollywood Lakes in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% were sold over asking.
Days on Market for Hollywood Lakes, FL
How long does it take to sell a home in Hollywood Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 41 Days | -25.1% |
Summary: Homes in Hollywood Lakes had an average of 41 days on market in Apr 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hollywood Lakes has remained consistent over time.
Summary: During April 2024, 15 homes were sold in Hollywood Lakes; 40% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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