Hollywood Hills Real Estate & Homes for Sale

In May 2025, Hollywood Hills experienced a slight market correction, with home prices down 8.1% year-over-year to a median of $1.7M, signaling increased affordability in this sought-after area. Homes are taking longer to sell, averaging 55 days on the market compared to 46 days last year, suggesting buyers are being more cautious and selective. However, sales activity remains strong, with 95 homes sold compared to 89 last year, indicating that despite softer prices, demand for Hollywood Hills properties remains steady, particularly among buyers looking to capitalize on the price adjustments.

Hollywood Hills is somewhat competitive, with homes typically selling in about 63 days and averaging around 1% below list price, giving buyers modest negotiation room. However, desirable properties—those priced well or in prime locations—can spark competition, often selling for up to 3% above asking and going pending in just 29 days. This mix of slower overall movement and competitive hot listings suggests that while buyers have some leverage, they need to act quickly on standout properties.

Hollywood Hills West is a buyer’s market in June 2025, with housing supply exceeding demand, giving buyers a stronger negotiating position. Sellers are more likely to make price adjustments or offer favorable terms, making it an opportune time for buyers to explore luxury properties with less competition and potentially secure better deals.