Is The Westside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Westside was a Seller's Market.
Housing Prices in The Westside, CA
How much do homes in The Westside, CA cost?
Median Sold Price
$1,747,944
$931/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Westside was $1,747,944 in April 2024, up 1.9% from last year, and the median price per square foot was $931.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $653.3K | $660K | +1.0% |
2 Bedrooms | $1.1M | $1.1M | 0.2% |
3 Bedrooms | $1.8M | $1.7M | -2.0% |
4 Bedrooms | $2.9M | $2.7M | -4.8% |
5+ Bedrooms | $5.2M | $3.9M | -24.3% |
Summary: The Westside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Neighborhoods
Westwood | $1.2M | $1.2M | +6.8% |
The Westside | $1.7M | $1.7M | +1.9% |
Housing Supply in The Westside, CA
How many homes are available in The Westside, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,830 | 2,151 | +17.5% |
Summary: The The Westside real estate market had 2,151 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 119 | 130 | +9.2% |
2 Bedrooms | 489 | 603 | +23.3% |
3 Bedrooms | 441 | 500 | +13.4% |
4 Bedrooms | 313 | 351 | +12.1% |
5+ Bedrooms | 468 | 567 | +21.2% |
Summary: The The Westside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
352 | 357 | +1.4% |
Asking Price vs. Sold Price
182 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
133 Homes Were Sold
Over Asking
Summary: A total of 357 homes were sold or pending in The Westside in April 2024, up by 1.4% month-over-month. Of the 357 sold homes, 51% were sold under asking, 12% were sold at asking, and 37% were sold over asking.
Days on Market for The Westside, CA
How long does it take to sell a home in The Westside, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 39 Days | -3.3% |
Summary: Homes in The Westside had an average of 39 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
227 Homes Were Sold
Under 30 Days
85 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During April 2024, 357 homes were sold in The Westside; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.