Is Hollywood, 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 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
$477,633
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hollywood have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Hollywood was $477,633 in April 2024, up 6.2% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $247.5K | +13.5% |
| 2 Bedrooms | $390.4K | $399.4K | +2.3% |
| 3 Bedrooms | $489.9K | $525K | +7.1% |
| 4 Bedrooms | $641.8K | $740K | +15.3% |
| 5+ Bedrooms | $1.0M | $1.3M | +33.0% |
Summary: Hollywood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
| Dania | $295K | $340K | +15.3% |
| West Park | $375.4K | $430K | +14.5% |
| Hollywood | $449.9K | $477.6K | +6.2% |
| Dania Beach | $375K | $390.9K | +4.3% |
Housing Supply in Hollywood, FL
How many homes are available in Hollywood, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,305 | 1,440 | +10.3% |
Summary: The Hollywood real estate market had 1,440 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 284 | 308 | +8.5% |
| 2 Bedrooms | 493 | 539 | +9.3% |
| 3 Bedrooms | 335 | 372 | +11.0% |
| 4 Bedrooms | 126 | 150 | +19.0% |
| 5+ Bedrooms | 67 | 71 | +6.0% |
Summary: The Hollywood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 140 | +4.5% |
Asking Price vs. Sold Price
116 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood, you may be able to get a good deal. 82.9% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Hollywood in April 2024, up by 4.5% month-over-month. Of the 140 sold homes, 83% were sold under asking, 6% were sold at asking, and 11% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 54 Days | -17.8% |
Summary: Homes in Hollywood had an average of 54 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
29 Homes Were 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, 140 homes were sold in Hollywood; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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