Is The Westside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,746,132
$929/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in The Westside was $1,746,132 in March 2024, up 1.5% from last year, and the median price per square foot was $929.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $682.5K | $656K | -3.9% |
2 Bedrooms | $1.1M | $1.1M | 0.1% |
3 Bedrooms | $1.8M | $1.8M | -1.3% |
4 Bedrooms | $2.9M | $2.7M | -5.8% |
5+ Bedrooms | $5.3M | $3.9M | -26.1% |
Summary: The Westside housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Neighborhoods
Westwood | $1.2M | $1.3M | +9.9% |
The Westside | $1.7M | $1.7M | +1.5% |
Westwood North Village | $850.2K | $655K | -23.0% |
Housing Supply in The Westside, CA
How many homes are available in The Westside, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,760 | 2,006 | +14.0% |
Summary: The The Westside real estate market had 2,006 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 108 | 128 | +18.5% |
2 Bedrooms | 477 | 530 | +11.1% |
3 Bedrooms | 424 | 471 | +11.1% |
4 Bedrooms | 296 | 348 | +17.6% |
5+ Bedrooms | 455 | 529 | +16.3% |
Summary: The The Westside housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
242 | 328 | +35.5% |
Asking Price vs. Sold Price
178 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
110 Homes Were Sold
Over Asking
Summary: A total of 328 homes were sold or pending in The Westside in March 2024, up by 35.5% month-over-month. Of the 328 sold homes, 54% were sold under asking, 12% were sold at asking, and 34% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 40 Days | -12.1% |
Summary: Homes in The Westside had an average of 40 days on market in Mar 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
203 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During March 2024, 328 homes were sold in The Westside; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.