Is West Hills, 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, 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
$951,000
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Hills was $951,000 in March 2024, down 3.9% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $401.5K | 0.4% |
2 Bedrooms | $617.5K | $640K | +3.6% |
3 Bedrooms | $901K | $923K | +2.4% |
4 Bedrooms | $1.0M | $980K | -2.0% |
5+ Bedrooms | $1.7M | $1.4M | -15.6% |
Summary: West Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Simi Valley | $782.9K | $809K | +3.3% |
San Fernando Valley | $910.8K | $928.8K | +2.0% |
Los Angeles | $988.7K | $975.9K | -1.3% |
West Hills | $990K | $951K | -3.9% |
Housing Supply in West Hills, CA
How many homes are available in West Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 65 | +6.6% |
Summary: The West Hills real estate market had 65 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 19 | 16 | -15.8% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The West Hills 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 decreased by 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in West Hills in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 20 Days | -43.8% |
Summary: Homes in West Hills had an average of 20 days on market in Mar 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in West Hills; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.