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 February 2023
At the same time last year, Agoura Hills-Malibu was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $437.2K | -10.8% |
2 Bedrooms | $711.2K | $785K | +10.4% |
3 Bedrooms | $1.3M | $1.2M | -7.0% |
4 Bedrooms | $1.6M | $1.9M | +13.7% |
5+ Bedrooms | $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 | $1.5M | $1.6M | +10.0% |
Agoura Hills | $1.1M | $1.1M | +5.5% |
Agoura Hills-Malibu | $1.5M | $1.5M | +3.3% |
Westlake Village | $1.4M | $1.3M | -3.3% |
Malibu | $4.3M | $3.3M | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
327 | 343 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 10 | +42.9% |
2 Bedrooms | 44 | 51 | +15.9% |
3 Bedrooms | 81 | 79 | -2.5% |
4 Bedrooms | 100 | 106 | +6.0% |
5+ Bedrooms | 95 | 97 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 41 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
52 Days | 73 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
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.