Is Westlake Village, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westlake Village is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Westlake Village has remained a Seller's Market.

Key Takeaway

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

How much do homes in Westlake Village, CA cost?

Median Sold Price

$1,450,000

$638/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$340,000(+30.6%)

Key Takeaway

Homes in Westlake Village have sold for 30.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $352K$450K
+27.8%
2 $512.5K$805.5K
+57.2%
3 $959.5K$1.0M
+6.8%
4 $1.4M$1.7M
+22.3%
5+ $1.8M$2.3M
+24.0%

Median Sold Price Compared To Nearby Cities

Westlake Village
+30.6%
Agoura Hills
+13.6%
Westlake Village
+11.3%
Thousand Oaks
+10.9%
Agoura Hills-Malibu
+6.3%

How many homes are available in Westlake Village, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
3125-19.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 76
-14.3%
3 64
-33.3%
4 1010
0.0%
5+ 74
-42.9%

Number of Homes Sold

Oct 2022Nov 2022%
116-45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westlake Village, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days59 Days+108.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westlake Village has remained consistent over time.

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

About Westlake Village, CA

Homes for sale in Westlake Village, CA have reached 25. The inventory of homes for sale in Westlake Village, CA between October 2022 and November 2022 decreased by 19.4%. In November 2022 median list price was $1,450,000 and the average listing age was 59 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 27.8%, prices of 2 bedrooms properties increased by 57.2%, prices of 3 bedrooms properties went up by 6.8%, prices of 4 bedrooms properties went up by 22.3%, prices of 5 bedrooms properties went up by 24%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 14.3%, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went down by 42.9%. Over 0 listings were sold over their listed price in November 2022 in Westlake Village, CA. In the same period over 6 listings were sold below the listed price and 0 listings were sold for the listed price.

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