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 May 2023

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.

Housing Prices in West Hills, CA

How much do homes in West Hills, CA cost?

Median Sold Price

$977,500

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,981(+2.8%)

Key Takeaway

Homes in West Hills have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in West Hills was $977,500 in May 2024, up 2.8% from last year, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $400K$401.5K
0.4%
2 $562.7K$650K
+15.5%
3 $878K$932.5K
+6.2%
4 $1.0M$980K
-2.0%
5+ $1.8M$1.4M
-19.7%

Summary: West Hills housing prices by bedroom type for May 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 6.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 19.7%.

Median Sold Price Compared To Nearby Cities

San Fernando Valley
+6.1%
Simi Valley
+3.3%
Los Angeles
+2.9%
West Hills
+2.8%

Housing Supply in West Hills, CA

How many homes are available in West Hills, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8595+11.8%

Summary: The West Hills real estate market had 95 homes for sale in May 2024, a 11.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2530
+20.0%
4 3638
+5.6%
5+ 2225
+13.6%

Summary: The West Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2422-8.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hills, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in West Hills in May 2024, down by 8.3% month-over-month. Of the 22 sold homes, 5% were sold under asking, 5% were sold at asking, and 91% 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

May 2023May 2024CHANGE
17 Days19 Days+7.1%

Summary: Homes in West Hills had an average of 19 days on market in May 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During May 2024, 22 homes were sold in West Hills; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in West Hills, CA

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