Is Hollywood, MD 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 was a Seller's Market.
Key Takeaway
Hollywood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hollywood, MD
How much do homes in Hollywood, MD cost?
Median Sold Price
$515,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hollywood have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Hollywood was $515,000 in May 2024, up 21.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | - | N/A |
| 2 Bedrooms | $307K | $452.5K | +47.4% |
| 3 Bedrooms | $377K | $375K | -0.5% |
| 4 Bedrooms | $495K | $555K | +12.1% |
| 5+ Bedrooms | $549K | $612.5K | +11.6% |
Summary: Hollywood housing prices by bedroom type for May 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 0.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Hollywood | $423.7K | $515K | +21.5% |
| Mechanicsville | $375K | $387.5K | +3.3% |
| California | $360K | $355K | -1.4% |
Housing Supply in Hollywood, MD
How many homes are available in Hollywood, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Hollywood real estate market had 40 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Hollywood 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hollywood in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -4.8% |
Summary: Homes in Hollywood had an average of 17 days on market in May 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 6 homes were sold in Hollywood; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
