$2,895,000
2,229 SqFt
3 Beds
•2 Full Baths
Ernie Carswell, Listing Office: Douglas Elliman
Is Hollywood Hills West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hollywood Hills West was a Neutral Market.
Key Takeaway
Hollywood Hills West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood Hills West, CA
How much do homes in Hollywood Hills West, CA cost?
Median Sold Price
$2,649,443
$1,038/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$127,776(+5.1%)
Key Takeaway
Homes in Hollywood Hills West have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Hollywood Hills West was $2,649,443 in October 2024, up 5.1% from last year, and the median price per square foot was $1,038.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $938K | $849K | -9.5% |
| 2 Bedrooms | $1.4M | $1.6M | +10.1% |
| 3 Bedrooms | $2.6M | $2.6M | -1.0% |
| 4 Bedrooms | $3.2M | $3.0M | -8.3% |
| 5+ Bedrooms | $5.7M | $4.3M | -24.0% |
Summary: Hollywood Hills West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Neighborhoods
| Lookout Mountain Park | $1.6M | $1.9M | +22.4% |
| Laurel Canyon | $2.1M | $2.4M | +13.5% |
| Hollywood Hills West | $2.5M | $2.6M | +5.1% |
| Studio City | $1.5M | $1.6M | +5.1% |
Housing Supply in Hollywood Hills West, CA
How many homes are available in Hollywood Hills West, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 203 | 236 | +16.3% |
Summary: The Hollywood Hills West real estate market had 236 homes for sale in October 2024, a 16.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 69 | 80 | +15.9% |
| 4 Bedrooms | 67 | 75 | +11.9% |
| 5+ Bedrooms | 41 | 48 | +17.1% |
Summary: The Hollywood Hills West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 26 | +116.7% |
Asking Price vs. Sold Price
22 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 Hills West, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Hollywood Hills West in October 2024, up by 116.7% month-over-month. Of the 26 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Hollywood Hills West, CA
How long does it take to sell a home in Hollywood Hills West, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 54 Days | +70.4% |
Summary: Homes in Hollywood Hills West had an average of 54 days on market in Oct 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hollywood Hills West has remained consistent over time.
Summary: During October 2024, 26 homes were sold in Hollywood Hills West; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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