Lake Forest
Homes for Sale in Hollywood, FL

Lake Forest market snapshot (as of November 6, 2026): the median sale price is about $500K ($403 per sq ft over the trailing 12 months of closed sales), and a median 90 days on market for closed sales.

In ZIP 33023 (Hollywood), 44 homes closed in the last 12 months at a median of $495K ($354/sq ft), with a median 40 days on market. Right now 12 active and 6 pending listings put supply at about 3.3 months — a healthy market. See the live ZIP 33023 housing market and the Broward County market.

BeachesMLS sales records identify 963 homes in Lake Forest that have changed hands since 2001, built between 1948 and 2018 (median 1957), with a median living area of about 1,153 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Lake Forest Section One is a Hollywood neighborhood where the market moves at a steady clip—homes close in three weeks when priced to condition—and the median price sits in the middle of Broward's owner-occupant range.

The 21-day median DOM and five closings in the trailing window describe a market with regular turnover and consistent buyer interest, but not the frenzy that compresses timelines into single-digit days. Inventory here doesn't linger indefinitely, and it doesn't vanish on sight—it finds its buyer when the value proposition is clear. The year-over-year gain of 13% is meaningful but not outsized for Hollywood; it tracks regional appreciation rather than neighborhood-specific scarcity or a development catalyst.

At this price-per-foot, you're likely looking at homes built in prior decades with varying degrees of updating. Condition drives everything: a renovated kitchen and bath will command the median or better, while original finishes will trade below it. The lack of identifiable community amenities from MLS data suggests this is a residential streets and location play, not a resort-style subdivision with pools and clubhouses. Buyers come here for accessibility within Hollywood and a price that doesn't require stretching into luxury-tier budgets.

The moderate heat score of 53 captures it well—this is a functioning market, not a speculative one. Sellers get reliable activity and reasonable timelines; buyers get time to inspect and negotiate without feeling stampeded. If you need certainty on close dates and aren't chasing the absolute lowest entry price, the pace here is workable. If you want to wait six months for a distressed steal, you'll be disappointed.

Lake Forest Section One requires pricing discipline and condition clarity—the kind of market where a broker's comp analysis and honest pre-list walk-through determine whether you close in three weeks or six. Momentum's agents know which updates move the needle in mid-market Hollywood and which ones buyers will discount or ignore. We pull recent closed sales, measure your home against them, and tell you the number that gets it done. For buyers, we'll walk you through what deferred maintenance actually costs to remedy and when to walk away. No hype, no surprises—just the read you need to move confidently in a market that rewards preparation.