- calendar_month October 2, 2023
- folder Market Update
Sharing Tags
Absorption, California, Hollywood Hills, Home Sales, Homes For Sale, Housing, Housing Market Update, Los Angeles, Property
In September 2023, the real estate market in Hollywood Hills, CA 90068 continued to show its strength and favorability towards sellers. With 34 active homes on the market, the median average price stood at an impressive $2,546,500, translating to a median price per square foot of $979. A total of 16 homes were sold during the month, with a median time of just 27 days on the market, reflecting the high demand in the area. The median sold price for these homes was $1,567,000, indicating robust pricing. The absorption rate, at 47%, clearly underscores the seller's advantage in this market. With more buyers than available properties, Hollywood Hills remains a sellers' market, offering excellent opportunities for those looking to capitalize on their real estate investments.