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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Agoura Hills-Malibu was a Seller's Market.

Key Takeaway

Agoura Hills-Malibu is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Agoura Hills-Malibu, CA

How much do homes in Agoura Hills-Malibu, CA cost?

Median Sold Price

$1,565,000

$670/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$65,000(+4.3%)

Key Takeaway

Homes in Agoura Hills-Malibu have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Agoura Hills-Malibu was $1,565,000 in March 2024, up 4.3% from last year, and the median price per square foot was $670.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $485K$437.2K
-9.8%
2 $737.5K$790K
+7.1%
3 $1.3M$1.2M
-4.5%
4 $1.6M$1.9M
+15.6%
5+ $2.9M$2.9M
-0.3%

Summary: Agoura Hills-Malibu housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Cities

Calabasas
+9.3%
Agoura Hills
+7.7%
Agoura Hills-Malibu
+4.3%
Westlake Village
+2.9%
Malibu
-16.4%

Housing Supply in Agoura Hills-Malibu, CA

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
327363+11.0%

Summary: The Agoura Hills-Malibu real estate market had 363 homes for sale in March 2024, a 11.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1012
+20.0%
2 4851
+6.3%
3 7691
+19.7%
4 103108
+4.9%
5+ 90101
+12.2%

Summary: The Agoura Hills-Malibu housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4254+28.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

19 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. 57.4% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Agoura Hills-Malibu in March 2024, up by 28.6% month-over-month. Of the 54 sold homes, 57% were sold under asking, 7% were sold at asking, and 35% 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

Mar 2023Mar 2024CHANGE
37 Days52 Days+37.5%

Summary: Homes in Agoura Hills-Malibu had an average of 52 days on market in Mar 2024, up by 37.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

13 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 March 2024, 54 homes were sold in Agoura Hills-Malibu; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% 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 20 Days Ago

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