$6,294 Closing Credit*
$530,000
2,461 SqFt
3 Beds
•3 Full Baths
Craig Michael Wright, Listing Office: O'Brien Realty ERA Powered
Is Hollywood, MD 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 was a Seller's Market.
Key Takeaway
Hollywood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hollywood, MD
How much do homes in Hollywood, MD cost?
Median Sold Price
$500,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Hollywood has remained the same since last year.
Summary: The median home sold price in Hollywood was $500,000 in October 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $120K | -78.2% |
| 2 Bedrooms | $430K | $315K | -26.7% |
| 3 Bedrooms | $375K | $368.5K | -1.7% |
| 4 Bedrooms | $525K | $577.5K | +10.0% |
| 5+ Bedrooms | $650K | $600K | -7.7% |
Summary: Hollywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.2%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Mechanicsville | $375K | $409K | +9.1% |
| California | $355K | $385K | +8.5% |
| Hollywood | $500K | $500K | 0.0% |
Housing Supply in Hollywood, MD
How many homes are available in Hollywood, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Hollywood real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hollywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was 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, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Hollywood in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Hollywood, MD
How long does it take to sell a home in Hollywood, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -10.7% |
Summary: Homes in Hollywood had an average of 26 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hollywood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Hollywood; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
