Is Thousand Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,062,321
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Thousand Oaks was $1,062,321 in March 2024, up 4.6% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $390K | -1.3% |
2 Bedrooms | $589K | $557.5K | -5.3% |
3 Bedrooms | $875.2K | $927.5K | +6.0% |
4 Bedrooms | $1.1M | $1.1M | +0.8% |
5+ Bedrooms | $1.4M | $1.4M | -1.7% |
Summary: Thousand Oaks housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.6% |
Westlake Village | $1.4M | $1.4M | +3.1% |
Westlake Village | $1.3M | $1.3M | +2.9% |
Newbury Park | $944.9K | $967.2K | +2.4% |
Triunfo Pass-Point Mugu | $3.9M | $3.8M | -4.4% |
Housing Supply in Thousand Oaks, CA
How many homes are available in Thousand Oaks, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
275 | 319 | +16.0% |
Summary: The Thousand Oaks real estate market had 319 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 27 | 38 | +40.7% |
3 Bedrooms | 80 | 85 | +6.3% |
4 Bedrooms | 97 | 121 | +24.7% |
5+ Bedrooms | 63 | 67 | +6.3% |
Summary: The Thousand Oaks housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 86 | +34.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Thousand Oaks in March 2024, up by 34.4% month-over-month. Of the 86 sold homes, 47% were sold under asking, 9% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 33 Days | -32.8% |
Summary: Homes in Thousand Oaks had an average of 33 days on market in Mar 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 86 homes were sold in Thousand Oaks; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.