Hollywood, Florida Housing Market

How much can you negotiate in Hollywood?

Only 24 out of every 100 homes for sale have found a buyer. The other 76 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Hollywood home takes 83 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago. There are 2,857 homes for sale in Hollywood. That is 4.0 times the tightest month on record, but below the peak of 3,403. Supply is shrinking against last year.

What to do about it

• Start in 33027, 33020, and 33019. Those are the three softest ZIP codes in Hollywood.
• Filter for homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• In 33027 only 23 out of 100 homes have a buyer. You can lose a few offers there and still win.

Is now a good time to buy in Hollywood?

Asking prices are 25.1% below their Jul 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Hollywood prices rose in only 75 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

Who will rent from you in Hollywood?

In Hollywood, 36 out of every 100 households rent. Most own their home. That share has held steady for five years. Hollywood added about 5,400 renter households in five years. Renter households here average 2.5 people. Families rent here. Buy bedrooms, not studios.

Households grew 10% in five years. The housing stock grew 4%. Demand is outrunning supply. 8.4% of homes sit empty. That is normal for a healthy market.

The median Hollywood household earns $79,799 a year. Incomes here have grown 4.4% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.4 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $1,995 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Hollywood deal with?

• Price growth to assume — +0.6%/yr. Hollywood grew 5.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Hollywood grows about 0.6% a year. That is the number to type in. Prices fell 3.8% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 3. A typical home takes 83 days to sell. Budget that long when you exit or refinance.
• Odds you cut your price to sell — 1 in 7. About 15% of homes on the Hollywood market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $348/sqft. The typical Hollywood listing shrank from 1,460 to 1,226 sqft since Jul 2016. So median price hides real growth: 65% per sqft versus 46% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — -15%. That is how much the number of homes for sale shrank in a year. Your resale will face a smaller crowd than today's comps did.
• Price-to-income ratio — 5.4×. A typical home costs 5.4 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $1,995/mo. 30% of the median household income of $79,799. Rents above this line shrink your tenant pool fast.

Is Hollywood a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Hollywood right now. 24 out of every 100 homes for sale have a buyer, 15% of sellers have cut their price, and a typical home takes 83 days to sell.

Are Hollywood home prices going up or down?

Asking prices are 25.1% below their Jul 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Hollywood?

Assume +0.6% a year. Hollywood grew 5.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Hollywood grows about 0.6% a year. That is the number to type in. Prices fell 3.8% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Hollywood?

A typical Hollywood home takes 83 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago.

Is Hollywood a renters' market or an owners' market?

In Hollywood, 36 out of every 100 households rent. Most own their home. That share has held steady for five years. 8.4% of homes sit empty. That is normal for a healthy market.

What rent can Hollywood tenants afford?

A tenant on the median income can pay about $1,995 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Hollywood household earns $79,799 a year.

Which Hollywood ZIP code has the most negotiating room?

33027. Only 23 out of 100 homes there have a buyer. 20% of sellers there have cut their price, and a typical home takes 76 days to sell.