Is Hollywood Hills West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hollywood Hills West was a Seller's Market.
Key Takeaway
Hollywood Hills West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood Hills West, CA
How much do homes in Hollywood Hills West, CA cost?
Median Sold Price
$2,558,000
$1,055/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Hollywood Hills West has remained the same since last year.
Summary: The median home sold price in Hollywood Hills West was $2,558,000 in May 2024, down 0.1% from last year, and the median price per square foot was $1,055.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $950K | $888K | -6.5% |
| 2 Bedrooms | $1.5M | $1.6M | +4.5% |
| 3 Bedrooms | $2.6M | $2.4M | -8.5% |
| 4 Bedrooms | $3.0M | $3.3M | +12.2% |
| 5+ Bedrooms | $5.4M | $3.7M | -31.6% |
Summary: Hollywood Hills West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 31.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Studio City | $1.4M | $1.6M | +8.8% |
| Laurel Hills | $2.5M | $2.7M | +7.0% |
| Hollywood Hills West | $2.5M | $2.5M | -0.1% |
| Laurel Canyon | $2.4M | $2.1M | -9.3% |
Housing Supply in Hollywood Hills West, CA
How many homes are available in Hollywood Hills West, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 211 | +31.9% |
Summary: The Hollywood Hills West real estate market had 211 homes for sale in May 2024, a 31.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 16 | 25 | +56.3% |
| 3 Bedrooms | 50 | 71 | +42.0% |
| 4 Bedrooms | 44 | 57 | +29.5% |
| 5+ Bedrooms | 44 | 52 | +18.2% |
Summary: The Hollywood Hills West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 42%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
14 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 Hills West, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Hollywood Hills West in May 2024, down by 16.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Hollywood Hills West, CA
How long does it take to sell a home in Hollywood Hills West, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 49 Days | +19.0% |
Summary: Homes in Hollywood Hills West had an average of 49 days on market in May 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hollywood Hills West are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Hollywood Hills West; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.