The Hollywood housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Hollywood currently stands at $215,000. With 3.0 months of supply, Hollywood's inventory levels remain relatively tight. Homes are taking about 308 days to sell, which is NaN days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hollywood market with the affordability index at 1028.7. Based on current market indicators, home prices in Hollywood are projected to decrease by approximately 7.3% over the next month.
Hollywood, AL has a total population of 929 residents. The area is predominantly White (76.4%), African American residents comprise 23.6% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Hollywood, AL.
Crime analysis for Hollywood, AL shows 8 total incidents across all categories. The most prevalent crime type is Assault (75.0% of all incidents). This is followed by Property Crime at 12.5%. The crime rate in Hollywood, AL is very low, with violent crimes being more common than property crimes. This suggests Hollywood, AL is generally a safe area for residents and visitors.
Market predictions for Hollywood, AL show an upward trend in home prices, with values increasing by 19.2%. This represents a significant price movement in the market. The current median home price in Hollywood, AL is approximately $237,550.638. Based on current trends, home prices in Hollywood, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Hollywood, AL is currently unavailable.
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