Is Calabasas, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calabasas is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Calabasas has remained a Seller's Market.

Key Takeaway

Calabasas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Calabasas, CA

How much do homes in Calabasas, CA cost?

Median Sold Price

$1,635,000

$628/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$127,500(+8.5%)

Key Takeaway

Homes in Calabasas have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Calabasas was $1,635,000 in January 2024, up 8.5% from last year, and the median price per square foot was $628.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $516.9K$515K
-0.4%
2 $690K$652.5K
-5.4%
3 $1.2M$1.1M
-6.1%
4 $1.6M$1.7M
+6.9%
5+ $2.6M$3.1M
+18.0%

Summary: Calabasas housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Calabasas
+8.5%
San Fernando Valley
-0.8%
Agoura Hills-Malibu
-1.3%
Los Angeles
-1.9%

Housing Supply in Calabasas, CA

How many homes are available in Calabasas, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
7989+12.7%

Summary: The Calabasas real estate market had 89 homes for sale in January 2024, a 12.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 12
+100.0%
2 56
+20.0%
3 1917
-10.5%
4 1516
+6.7%
5+ 3948
+23.1%

Summary: The Calabasas housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calabasas, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Calabasas in January 2024, up by 14.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Calabasas, CA

How long does it take to sell a home in Calabasas, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
55 Days21 Days-61.7%

Summary: Homes in Calabasas had an average of 21 days on market in Jan 2024, down by 61.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Calabasas are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 16 homes were sold in Calabasas; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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