Is West Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Hills has remained a Seller's Market.
Housing Prices in West Hills, CA
How much do homes in West Hills, CA cost?
Median Sold Price
$1,000,000
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Hills was $1,000,000 in April 2024, up 0.9% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $401.5K | 0.4% |
2 Bedrooms | $640K | $735K | +14.8% |
3 Bedrooms | $880.8K | $930K | +5.6% |
4 Bedrooms | $1.0M | $1.0M | +5.2% |
5+ Bedrooms | $1.2M | $1.4M | +8.9% |
Summary: West Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
Chatsworth | $924K | $991K | +7.3% |
Woodland Hills | $1.1M | $1.2M | +3.8% |
West Hills | $990.6K | $1.0M | +0.9% |
Canoga Park | $689.7K | $677.7K | -1.7% |
Housing Supply in West Hills, CA
How many homes are available in West Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 113 | +29.9% |
Summary: The West Hills real estate market had 113 homes for sale in April 2024, a 29.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 38 | 50 | +31.6% |
5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The West Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in West Hills in April 2024, up by 41.7% month-over-month. Of the 34 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for West Hills, CA
How long does it take to sell a home in West Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 17 Days | -48.9% |
Summary: Homes in West Hills had an average of 17 days on market in Apr 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in West Hills; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.