In February 2025, the Hollywood Hills housing market showed signs of cooling, with median home prices dropping by 12.6% year-over-year to $1.6M. Homes took longer to sell, averaging 80 days on the market compared to 62 days the previous year, reflecting a shift in buyer urgency or market sentiment. Sales volume also dipped, with only 44 homes sold versus 50 the year before. This slowdown may point to broader economic uncertainty or buyer hesitation in the luxury segment, making it a potentially strategic time for buyers to negotiate in this high-end market.

The Hollywood Hills market remains somewhat competitive despite recent slowdowns. On average, homes sell about 1% below list price and take around 79 days to go pending, suggesting a measured pace. However, well-priced or standout properties can still attract strong interest—hot homes may receive multiple offers, sell for about 3% above list price, and go pending in as little as 25 days. This split underscores the importance of pricing and presentation in a market where demand is selective but still active.

As of February 2025, Hollywood Hills West is a buyer’s market, indicating that the inventory of available homes exceeds buyer demand. This dynamic gives buyers more negotiating power, potentially leading to better pricing, seller concessions, or longer time to make decisions. For sellers, it underscores the need for competitive pricing and standout presentation to attract interest in a slower-moving market.