In February 2025, West Hollywood’s housing market saw a notable shift, with home prices rising 28.2% year-over-year to a median of $1.4M—highlighting growing demand despite a cooling in sales activity. Homes are taking longer to sell, averaging 123 days on the market compared to just 77 days in February 2024, suggesting that while prices remain strong, buyers may be more deliberate. Additionally, the number of homes sold dipped slightly to 21, down from 23 the previous year, indicating a tightening inventory or shifting buyer dynamics.

West Hollywood’s real estate market is relatively laid-back compared to more competitive areas, with homes typically selling about 3% below list price and taking an average of 112 days to go under contract. Bidding wars are uncommon, and multiple offers are rare. However, standout properties—those with desirable features or prime locations—can still attract quicker interest, often going pending in around 40 days and selling closer to the asking price.

In February 2025, West Hollywood, CA was considered a buyer’s market, indicating that the inventory of available homes exceeded the current demand. This market dynamic gives buyers more negotiating power, often resulting in lower prices, longer time on the market for sellers, and more opportunities to choose from without the pressure of bidding wars.