Is Agoura Hills-Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Agoura Hills-Malibu was a Seller's Market.
Key Takeaway
Agoura Hills-Malibu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Agoura Hills-Malibu, CA
How much do homes in Agoura Hills-Malibu, CA cost?
Median Sold Price
$1,589,285
$671/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Agoura Hills-Malibu have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Agoura Hills-Malibu was $1,589,285 in May 2024, up 9.8% from last year, and the median price per square foot was $671.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $459.5K | +2.1% |
| 2 Bedrooms | $737.5K | $780K | +5.8% |
| 3 Bedrooms | $1.2M | $1.2M | +2.2% |
| 4 Bedrooms | $1.6M | $1.9M | +16.9% |
| 5+ Bedrooms | $2.9M | $3.0M | +2.0% |
Summary: Agoura Hills-Malibu housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Calabasas | $1.5M | $1.7M | +16.9% |
| Agoura Hills-Malibu | $1.4M | $1.5M | +9.8% |
| Agoura Hills | $1.1M | $1.1M | +7.3% |
| Westlake Village | $1.3M | $1.3M | +1.7% |
| Malibu | $3.6M | $3.3M | -8.1% |
Housing Supply in Agoura Hills-Malibu, CA
How many homes are available in Agoura Hills-Malibu, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 358 | 416 | +16.2% |
Summary: The Agoura Hills-Malibu real estate market had 416 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 44 | 48 | +9.1% |
| 3 Bedrooms | 94 | 116 | +23.4% |
| 4 Bedrooms | 103 | 125 | +21.4% |
| 5+ Bedrooms | 100 | 112 | +12.0% |
Summary: The Agoura Hills-Malibu housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 48 | +14.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agoura Hills-Malibu, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Agoura Hills-Malibu in May 2024, up by 14.3% month-over-month. Of the 48 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for Agoura Hills-Malibu, CA
How long does it take to sell a home in Agoura Hills-Malibu, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 51 Days | +59.5% |
Summary: Homes in Agoura Hills-Malibu had an average of 51 days on market in May 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Agoura Hills-Malibu are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Agoura Hills-Malibu; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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