$10,000 Closing Credit*
$1,550,000
2,593 SqFt
4 Beds
•4 Full Baths
Jonathan Perez, Listing Office: Westside Estate Agency Inc.
Is Hollywood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, CA
How much do homes in Hollywood, CA cost?
Median Sold Price
$1,050,000
$662/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+13.5%)
Key Takeaway
Homes in Hollywood have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Hollywood was $1,050,000 in November 2024, up 13.5% from last year, and the median price per square foot was $662.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | $565K | +4.6% |
| 2 Bedrooms | $853K | $790K | -7.4% |
| 3 Bedrooms | $1.3M | $1.3M | +2.9% |
| 4 Bedrooms | $1.7M | $1.4M | -17.6% |
| 5+ Bedrooms | $2.3M | $1.8M | -22.0% |
Summary: Hollywood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
| Hollywood | $925K | $1.0M | +13.5% |
| Whitley Heights | $1.1M | $1.1M | +8.2% |
Housing Supply in Hollywood, CA
How many homes are available in Hollywood, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 | 154 | +10.8% |
Summary: The Hollywood real estate market had 154 homes for sale in November 2024, a 10.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 28 | -3.4% |
| 2 Bedrooms | 38 | 46 | +21.1% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Hollywood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Hollywood in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Hollywood, CA
How long does it take to sell a home in Hollywood, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 67 Days | +16.4% |
Summary: Homes in Hollywood had an average of 67 days on market in Nov 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 10 homes were sold in Hollywood; 60% of homes were sold within 30 days, 20% 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.