$7,481 Closing Credit*
$630,000
1,830 SqFt
3 Beds
•2 Full Baths
Yestheffany Meier, Listing Office: Sareen Realty, LLC
Is Hollywood Lakes, FL 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 Lakes was a Seller's Market.
Key Takeaway
Hollywood Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood Lakes, FL
How much do homes in Hollywood Lakes, FL cost?
Median Sold Price
$685,000
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$51,500(-7.0%)
Key Takeaway
Homes in Hollywood Lakes have sold for 7% less than they did a year ago.
Summary: The median home sold price in Hollywood Lakes was $685,000 in November 2024, down 7% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $155K | +0.6% |
| 2 Bedrooms | $499.7K | $490K | -2.0% |
| 3 Bedrooms | $760K | $695K | -8.6% |
| 4 Bedrooms | $1.0M | $970K | -7.6% |
| 5+ Bedrooms | $2.0M | $2.1M | +6.1% |
Summary: Hollywood Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Hollywood Lakes, FL
How many homes are available in Hollywood Lakes, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 168 | +9.1% |
Summary: The Hollywood Lakes real estate market had 168 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 32 | 31 | -3.1% |
| 3 Bedrooms | 56 | 64 | +14.3% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Hollywood Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
8 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 Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Hollywood Lakes in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Hollywood Lakes, FL
How long does it take to sell a home in Hollywood Lakes, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 135 Days | +111.3% |
Summary: Homes in Hollywood Lakes had an average of 135 days on market in Nov 2024, up by 111.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hollywood Lakes are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 12 homes were sold in Hollywood Lakes; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
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