Is West Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hills is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, West Hills has remained a Seller's Market.

Key Takeaway

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

How much do homes in West Hills, CA cost?

Median Sold Price

$1,010,000

$571/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$107,532(+11.9%)

Key Takeaway

Homes in West Hills have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $275K$364K
+32.4%
2 $530K$625K
+17.9%
3 $851.5K$925K
+8.6%
4 $925K$1.0M
+13.5%
5+ $1.7M$1.7M
-1.4%

Median Sold Price Compared To Nearby Cities

West Hills
+11.9%
Simi Valley
+10.2%
Los Angeles
+9.5%
San Fernando Valley
+8.3%

How many homes are available in West Hills, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
8476-9.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 21
-50.0%
3 2624
-7.7%
4 3936
-7.7%
5+ 1614
-12.5%

Number of Homes Sold

Oct 2022Nov 2022%
1920+5.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days29 Days+22.7%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About West Hills, CA

There are 76 homes are for sale in West Hills, CA real estate market. The number of listings in West Hills, CA decreased by 9.5% between October 2022 and November 2022. In November 2022 median list price was $1,010,000 and the average listing age was 29 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 32.4%, prices of 2 bedrooms properties increased by 17.9%, prices of 3 bedrooms properties increased by 8.6%, prices of 4 bedrooms properties increased by 13.5%, 5 bedrooms properties became 1.4% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes inventory decreased by 7.7%, the quantity of 4 bedrooms homes went down by 7.7%, the quantity of 5 bedrooms homes went down by 12.5%. While more than 8 listings in West Hills, CA in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 12 were sold below.

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