Is Thousand Oaks, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thousand Oaks is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Thousand Oaks, CA

How much do homes in Thousand Oaks, CA cost?

Median Sold Price

$1,075,000

$544/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$73,769(+7.4%)

Key Takeaway

Homes in Thousand Oaks have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Thousand Oaks was $1,075,000 in June 2024, up 7.4% from last year, and the median price per square foot was $544.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $395K$390K
-1.3%
2 $600K$560K
-6.7%
3 $875K$932.5K
+6.6%
4 $1.1M$1.2M
+5.8%
5+ $1.4M$1.6M
+12.4%

Summary: Thousand Oaks housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

Newbury Park
+8.0%
Westlake Village
+7.9%
Thousand Oaks
+7.4%
Westlake Village
+0.9%
Triunfo Pass-Point Mugu
-13.9%

Housing Supply in Thousand Oaks, CA

How many homes are available in Thousand Oaks, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
375430+14.7%

Summary: The Thousand Oaks real estate market had 430 homes for sale in June 2024, a 14.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 98
-11.1%
2 4850
+4.2%
3 103133
+29.1%
4 132141
+6.8%
5+ 8398
+18.1%

Summary: The Thousand Oaks housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 18.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
102101-1.0%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thousand Oaks, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.

Summary: A total of 101 homes were sold or pending in Thousand Oaks in June 2024, down by 1.0% month-over-month. Of the 101 sold homes, 43% were sold under asking, 14% were sold at asking, and 44% were sold over asking.

Days on Market for Thousand Oaks, CA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
30 Days33 Days+11.2%

Summary: Homes in Thousand Oaks had an average of 33 days on market in Jun 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 101 homes were sold in Thousand Oaks; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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

Newest Listings in Thousand Oaks, CA

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