$10,000 Closing Credit*
$1,099,900
1,849 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kathleen Yoshihara, Listing Office: Douglas Elliman
Is North Hollywood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Hollywood has remained a Seller's Market.
Key Takeaway
North Hollywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Hollywood, CA
How much do homes in North Hollywood, CA cost?
Median Sold Price
$868,333
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,333(+5.9%)
Key Takeaway
Homes in North Hollywood have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in North Hollywood was $868,333 in October 2024, up 5.9% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $373K | $410K | +9.9% |
| 2 Bedrooms | $685K | $725K | +5.8% |
| 3 Bedrooms | $857.5K | $917.5K | +7.0% |
| 4 Bedrooms | $1.0M | $1.0M | +7.1% |
| 5+ Bedrooms | $1.2M | $1.5M | +25.5% |
Summary: North Hollywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in North Hollywood, CA
How many homes are available in North Hollywood, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 105 | +9.4% |
Summary: The North Hollywood real estate market had 105 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The North Hollywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Hollywood, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in North Hollywood in October 2024, down by 5.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for North Hollywood, CA
How long does it take to sell a home in North Hollywood, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 52 Days | +72.5% |
Summary: Homes in North Hollywood had an average of 52 days on market in Oct 2024, up by 72.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Hollywood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in North Hollywood; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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.