Is Eastside West Hollywood, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastside West Hollywood is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Eastside West Hollywood was a Seller's Market.

Key Takeaway

Eastside West Hollywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eastside West Hollywood, CA

How much do homes in Eastside West Hollywood, CA cost?

Median Sold Price

$1,500,000

$665/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+3.4%)

Key Takeaway

Homes in Eastside West Hollywood have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Eastside West Hollywood was $1,500,000 in October 2024, up 3.4% from last year, and the median price per square foot was $665.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $770K$549.5K
-28.6%
2 $1.2M$1.0M
-16.7%
3 $1.3M$1.5M
+13.3%
4 -$1.7M
N/A
5+ $2.9M$2.2M
-22.7%

Summary: Eastside West Hollywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Neighborhoods

Eastside West Hollywood
+3.4%
Fairfax
-3.1%

Housing Supply in Eastside West Hollywood, CA

How many homes are available in Eastside West Hollywood, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3032+6.7%

Summary: The Eastside West Hollywood real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 79
+28.6%
4 43
-25.0%
5+ 1111
0.0%

Summary: The Eastside West Hollywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastside West Hollywood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Eastside West Hollywood in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Eastside West Hollywood, CA

How long does it take to sell a home in Eastside West Hollywood, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days12 Days-71.6%

Summary: Homes in Eastside West Hollywood had an average of 12 days on market in Oct 2024, down by 71.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastside West Hollywood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Eastside West Hollywood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

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