Is Agoura Hills-Malibu, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Agoura Hills-Malibu is a buyer's market

Buyer's
Market

Difference Since February 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

$1,550,000

$665/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$49,000(+3.3%)

Key Takeaway

Homes in Agoura Hills-Malibu have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Agoura Hills-Malibu was $1,550,000 in February 2024, up 3.3% from last year, and the median price per square foot was $665.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $490K$437.2K
-10.8%
2 $711.2K$785K
+10.4%
3 $1.3M$1.2M
-7.0%
4 $1.6M$1.9M
+13.7%
5+ $2.8M$3.0M
+6.5%

Summary: Agoura Hills-Malibu housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Calabasas
+10.0%
Agoura Hills
+5.5%
Agoura Hills-Malibu
+3.3%
Westlake Village
-3.3%
Malibu
-24.5%

Housing Supply in Agoura Hills-Malibu, CA

How many homes are available in Agoura Hills-Malibu, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
327343+4.9%

Summary: The Agoura Hills-Malibu real estate market had 343 homes for sale in February 2024, a 4.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 710
+42.9%
2 4451
+15.9%
3 8179
-2.5%
4 100106
+6.0%
5+ 9597
+2.1%

Summary: The Agoura Hills-Malibu housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5541-25.5%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Agoura Hills-Malibu, you may be able to get a good deal. 68.3% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Agoura Hills-Malibu in February 2024, down by 25.5% month-over-month. Of the 41 sold homes, 68% were sold under asking, 7% were sold at asking, and 24% 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

Feb 2023Feb 2024CHANGE
52 Days73 Days+40.7%

Summary: Homes in Agoura Hills-Malibu had an average of 73 days on market in Feb 2024, up by 40.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Agoura Hills-Malibu are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 41 homes were sold in Agoura Hills-Malibu; 37% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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