In November 2024, the North Hollywood 91601 real estate market saw 22 active listings with a median list price of $1,147,450. Nine homes sold in the past 30 days, with a median sold price of $1,385,000. On average, homes spent 37 days on the market, and the average price per square foot was $911. 

What does this mean for buyers?

For buyers, the market remains competitive. With a median sold price higher than the list price, it’s clear that demand is strong. Buyers should be prepared to act quickly and potentially bid above asking to secure a home, especially for properties that are well-maintained or located in desirable neighborhoods.

What Does This Mean for Sellers?

Sellers are in a favorable position. The quick turnover and high median sold price suggest that well-priced homes in this market are likely to sell fast, often for more than the listing price. If you’re considering selling, now is an excellent time to take advantage of this strong market.