Is Hollywood Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hollywood Hill is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hollywood Hill was a Seller's Market.

Key Takeaway

Hollywood Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hollywood Hill, WA

How much do homes in Hollywood Hill, WA cost?

Median Sold Price

$1,640,000

$605/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$205,000(-11.1%)

Key Takeaway

Homes in Hollywood Hill have sold for 11.1% less than they did a year ago.

Summary: The median home sold price in Hollywood Hill was $1,640,000 in September 2024, down 11.1% from last year, and the median price per square foot was $605.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $710K$750K
+5.6%
3 $1.2M$1.2M
+2.3%
4 $1.8M$1.9M
+5.0%
5+ $3.6M$4.6M
+27.8%

Summary: Hollywood Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 27.8%.

Housing Supply in Hollywood Hill, WA

How many homes are available in Hollywood Hill, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4539-13.3%

Summary: The Hollywood Hill real estate market had 39 homes for sale in September 2024, a 13.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 3123
-25.8%
4 77
0.0%
5+ 55
0.0%

Summary: The Hollywood Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hollywood Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Hollywood Hill in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hollywood Hill, WA

How long does it take to sell a home in Hollywood Hill, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days27 Days-5.8%

Summary: Homes in Hollywood Hill had an average of 27 days on market in Sep 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hollywood Hill are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Hollywood Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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