Is West Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$980,000
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in West Hills was $980,000 in June 2024, up 3.2% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $401.5K | 0.4% |
2 Bedrooms | $562.7K | $650K | +15.5% |
3 Bedrooms | $865K | $932.5K | +7.8% |
4 Bedrooms | $1.0M | $980K | -2.0% |
5+ Bedrooms | $1.5M | $1.4M | -8.6% |
Summary: West Hills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
San Fernando Valley | $889.4K | $952.2K | +7.1% |
Simi Valley | $775K | $814K | +5.0% |
Los Angeles | $957.5K | $1.0M | +4.7% |
West Hills | $950K | $980K | +3.2% |
Housing Supply in West Hills, CA
How many homes are available in West Hills, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
91 | 104 | +14.3% |
Summary: The West Hills real estate market had 104 homes for sale in June 2024, a 14.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 32 | 27 | -15.6% |
4 Bedrooms | 35 | 44 | +25.7% |
5+ Bedrooms | 22 | 31 | +40.9% |
Summary: The West Hills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 40.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in West Hills in June 2024, up by 33.3% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 29 Days | +133.8% |
Summary: Homes in West Hills had an average of 29 days on market in Jun 2024, up by 133.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 28 homes were sold in West Hills; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.