Is Hollywood, MD 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 was a Neutral Market.
Key Takeaway
Hollywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hollywood, MD
How much do homes in Hollywood, MD cost?
Median Sold Price
$503,135
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hollywood have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Hollywood was $503,135 in April 2024, up 11.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | - | N/A |
| 2 Bedrooms | $307K | $452.5K | +47.4% |
| 3 Bedrooms | $377.5K | $375K | -0.7% |
| 4 Bedrooms | $500K | $527.5K | +5.5% |
| 5+ Bedrooms | $595K | $620K | +4.2% |
Summary: Hollywood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Hollywood | $449.9K | $503.1K | +11.8% |
| Mechanicsville | $376K | $387K | +2.9% |
| California | $355K | $355K | 0.0% |
Housing Supply in Hollywood, MD
How many homes are available in Hollywood, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The Hollywood real estate market had 39 homes for sale in April 2024, a 4.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Hollywood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Hollywood in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Hollywood, MD
How long does it take to sell a home in Hollywood, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +33.0% |
Summary: Homes in Hollywood had an average of 29 days on market in Apr 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hollywood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Hollywood; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
