Holm was admitted to Roosevelt Hospital a week ago, but was taken home Friday by her husband, CNN reported.
"She passed peacefully in her home in her own bed with her husband and friends and family nearby," Holm's niece, Amy Phillips, said.
Holm, a star of the Broadway stage and movies, won the Oscar for best supporting actress in 1947 for her role in "Gentleman's Agreement." She was nominated for the same award in 1949 for "Come to the Stable" and in 1950 for "All about Eve."
2014: The Year in Music [PHOTOS]