Is Hollywood, MD 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 September 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, MD cost?

Median Sold Price

$425,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$22,500(-5.0%)

Key Takeaway

Homes in Hollywood have sold for 5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $235K$320K
+36.2%
3 $310K$352.5K
+13.7%
4 $470K$482.4K
+2.6%
5+ $507.5K$539.6K
+6.3%

Median Sold Price Compared To Nearby Cities

California
+7.8%
Mechanicsville
+4.7%
Hollywood
-5.0%

How many homes are available in Hollywood, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
5451-5.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 34
+33.3%
3 2122
+4.8%
4 2017
-15.0%
5+ 108
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
1314+7.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 64.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
8 Days45 Days+447.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hollywood has remained consistent over time.

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

About Hollywood, MD

Number of homes for sale in Hollywood, MD real estate market have reached 51. Between August 2022 and September 2022, Hollywood, MD real estate market has seen decrease in the number of listings by 5.6%. Listings spent 45 days on the market in September 2022, and had a median list price of $425,000 during the same period. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 36.2%, prices of 3 bedrooms properties increased by 13.7%, prices of 4 bedrooms properties increased by 2.6%, prices of 5 bedrooms properties increased by 6.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 33.3%, 3 bedrooms homes became 4.8% more available, 4 bedrooms homes inventory decreased by 15%, number of 5 bedrooms homes decreased by 20%. Over 3 listings were sold over their listed price in September 2022 in Hollywood, MD. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price.

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