Is Thousand Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Thousand Oaks has remained a Seller's Market.
Housing Prices in Thousand Oaks, CA
How much do homes in Thousand Oaks, CA cost?
Median Sold Price
$1,056,536
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Thousand Oaks was $1,056,536 in February 2024, up 4% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $394.5K | +3.8% |
2 Bedrooms | $588K | $557.5K | -5.2% |
3 Bedrooms | $890K | $915K | +2.8% |
4 Bedrooms | $1.1M | $1.1M | +1.9% |
5+ Bedrooms | $1.4M | $1.4M | -0.5% |
Summary: Thousand Oaks housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.0% |
Newbury Park | $944.9K | $961.5K | +1.8% |
Westlake Village | $1.4M | $1.4M | +0.8% |
Westlake Village | $1.4M | $1.3M | -3.3% |
Triunfo Pass-Point Mugu | $4.5M | $2.9M | -33.7% |
Housing Supply in Thousand Oaks, CA
How many homes are available in Thousand Oaks, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
248 | 271 | +9.3% |
Summary: The Thousand Oaks real estate market had 271 homes for sale in February 2024, a 9.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 80 | 82 | +2.5% |
4 Bedrooms | 80 | 94 | +17.5% |
5+ Bedrooms | 57 | 64 | +12.3% |
Summary: The Thousand Oaks housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
69 | 62 | -10.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Thousand Oaks in February 2024, down by 10.1% month-over-month. Of the 62 sold homes, 42% were sold under asking, 19% were sold at asking, and 39% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 49 Days | -8.9% |
Summary: Homes in Thousand Oaks had an average of 49 days on market in Feb 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 62 homes were sold in Thousand Oaks; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.