Hollywood, Florida, continues to be a focal point for real estate activity, offering a blend of coastal charm and urban convenience. Understanding the current market dynamics is essential for prospective buyers, renters, and investors.
Current Market Trends
As of early 2026, the median home sale price in Hollywood stands at approximately $487,500, reflecting a 1.6% increase from the previous year. Homes are spending an average of 116 days on the market, indicating a moderately paced market. Notably, the number of homes sold has risen by 29.1% year-over-year, suggesting sustained buyer interest.
Rental Market Insights
The rental sector in Hollywood remains robust. The average rent is $2,277, surpassing the national average of $1,910. This represents a 1.2% increase from the previous year, highlighting steady demand for rental properties.
New Developments on the Horizon
Several significant projects are set to reshape Hollywood’s skyline:
Revv Hollywood
Developed by The Calta Group, Revv Hollywood is an eight-story, 180-unit multifamily community that received its Temporary Certificate of Occupancy on December 1, 2025. The building offers studio, one-, and two-bedroom units, along with 18 live/work walkups. Amenities include a coworking space, resort-style pool deck, fitness studio, EV charging stations, pet spa, and bike storage. Ground-floor retail spaces aim to integrate seamlessly with the neighborhood.
Parc Place
Parc Place is a transformative mixed-use project located at 1740 S Young Circle. The development encompasses 20,160 square feet of commercial space, 433 apartments, and 786 parking spaces. A notable feature is the renovation of the landmark Bread Building into a new residential tower, preserving its historical significance while introducing modern living spaces.
Gaia Residences
Alta Developers has launched sales for Gaia Residences, an 18-story condominium project at 401 N Federal Highway. The development comprises 238 units, with prices ranging from $400,000 to $1 million, targeting local and first-time buyers. Construction is slated to begin in 2026, with amenities including co-working spaces and a spa.
These developments reflect Hollywood’s commitment to growth and modernization, offering diverse housing options to meet the needs of its evolving community.