$4,495,000
4,800 SqFt
5 Beds
•5 Full Baths
Manuela Villa, Listing Office: Compass
Is Hollywood Hills, 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 Hills was a Seller's Market.
Key Takeaway
Hollywood Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood Hills, CA
How much do homes in Hollywood Hills, CA cost?
Median Sold Price
$1,850,000
$865/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$150,000(+8.8%)
Key Takeaway
Homes in Hollywood Hills have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Hollywood Hills was $1,850,000 in November 2024, up 8.8% from last year, and the median price per square foot was $865.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $613.8K | $649K | +5.7% |
| 2 Bedrooms | $1.1M | $1.1M | +4.4% |
| 3 Bedrooms | $1.8M | $1.9M | +4.0% |
| 4 Bedrooms | $2.3M | $2.4M | +3.3% |
| 5+ Bedrooms | $2.9M | $3.7M | +29.0% |
Summary: Hollywood Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Neighborhoods
| Beachwood Canyon | $1.7M | $2.2M | +29.2% |
| Hollywood Hills | $1.7M | $1.8M | +8.8% |
| Whitley Heights | $1.1M | $1.1M | +8.2% |
| Cahuenga Pass | $1.9M | $1.7M | -10.1% |
Housing Supply in Hollywood Hills, CA
How many homes are available in Hollywood Hills, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 169 | 183 | +8.3% |
Summary: The Hollywood Hills real estate market had 183 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 33 | 32 | -3.0% |
| 3 Bedrooms | 57 | 62 | +8.8% |
| 4 Bedrooms | 42 | 46 | +9.5% |
| 5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The Hollywood Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood Hills, you may be able to get a good deal. 81% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hollywood Hills in November 2024, up by 5.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 5% were sold at asking, and 14% were sold over asking.
Days on Market for Hollywood Hills, CA
How long does it take to sell a home in Hollywood Hills, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 50 Days | +13.6% |
Summary: Homes in Hollywood Hills had an average of 50 days on market in Nov 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hollywood Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Hollywood Hills; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% 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.