Is Thousand Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thousand Oaks has remained a Seller's Market.
Key Takeaway
Thousand Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thousand Oaks, CA
How much do homes in Thousand Oaks, CA cost?
Median Sold Price
$1,075,755
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thousand Oaks have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Thousand Oaks was $1,075,755 in May 2024, up 8.1% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $390K | -1.3% |
| 2 Bedrooms | $585K | $560K | -4.3% |
| 3 Bedrooms | $874.3K | $936.8K | +7.2% |
| 4 Bedrooms | $1.1M | $1.2M | +5.1% |
| 5+ Bedrooms | $1.4M | $1.5M | +5.5% |
Summary: Thousand Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Newbury Park | $914.2K | $1.0M | +9.6% |
| Thousand Oaks | $994.8K | $1.0M | +8.1% |
| Westlake Village | $1.3M | $1.4M | +7.0% |
| Westlake Village | $1.3M | $1.3M | +1.7% |
Housing Supply in Thousand Oaks, CA
How many homes are available in Thousand Oaks, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 358 | 377 | +5.3% |
Summary: The Thousand Oaks real estate market had 377 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 41 | 46 | +12.2% |
| 3 Bedrooms | 92 | 105 | +14.1% |
| 4 Bedrooms | 138 | 132 | -4.3% |
| 5+ Bedrooms | 80 | 85 | +6.3% |
Summary: The Thousand Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 97 | -11.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thousand Oaks, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Thousand Oaks in May 2024, down by 11.8% month-over-month. Of the 97 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Thousand Oaks, CA
How long does it take to sell a home in Thousand Oaks, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -7.6% |
Summary: Homes in Thousand Oaks had an average of 33 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thousand Oaks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 97 homes were sold in Thousand Oaks; 66% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.