$10,000 Closing Credit*
$949,000
1,791 SqFt
3 Beds
•3 Full Baths, 1 Partial
Lisa Grayson, Listing Office: Equity Union
Is North 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, North Hollywood was a Seller's Market.
Key Takeaway
North Hollywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Hollywood, CA
How much do homes in North Hollywood, CA cost?
Median Sold Price
$865,000
$621/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,500(+4.7%)
Key Takeaway
Homes in North Hollywood have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in North Hollywood was $865,000 in November 2024, up 4.7% from last year, and the median price per square foot was $621.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $410K | +2.5% |
| 2 Bedrooms | $685K | $725K | +5.8% |
| 3 Bedrooms | $882K | $920K | +4.3% |
| 4 Bedrooms | $1.0M | $1.0M | +1.4% |
| 5+ Bedrooms | $1.3M | $1.5M | +20.7% |
Summary: North Hollywood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in North Hollywood, CA
How many homes are available in North Hollywood, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 96 | +3.2% |
Summary: The North Hollywood real estate market had 96 homes for sale in November 2024, a 3.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The North Hollywood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Hollywood, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North Hollywood in November 2024, down by 47.4% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 54 Days | +77.7% |
Summary: Homes in North Hollywood had an average of 54 days on market in Nov 2024, up by 77.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Hollywood has remained consistent over time.
Summary: During November 2024, 10 homes were sold in North Hollywood; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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.