Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Westlake Village has remained a Seller's Market.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,377,500
$611/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Westlake Village was $1,377,500 in February 2024, down 3.3% from last year, and the median price per square foot was $611.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $400K | -11.1% |
2 Bedrooms | $760.6K | $700K | -8.0% |
3 Bedrooms | $1.1M | $1.1M | -1.8% |
4 Bedrooms | $1.6M | $1.6M | -1.9% |
5+ Bedrooms | $2.6M | $2.7M | +3.3% |
Summary: Westlake Village housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Agoura Hills | $1.1M | $1.1M | +5.5% |
Thousand Oaks | $1.0M | $1.0M | +4.0% |
Agoura Hills-Malibu | $1.5M | $1.5M | +3.3% |
Westlake Village | $1.4M | $1.4M | +0.8% |
Westlake Village | $1.4M | $1.3M | -3.3% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
109 | 97 | -11.0% |
Summary: The Westlake Village real estate market had 97 homes for sale in February 2024, a 11.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 33 | 25 | -24.2% |
4 Bedrooms | 33 | 33 | 0.0% |
5+ Bedrooms | 30 | 27 | -10.0% |
Summary: The Westlake Village housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 17 | -54.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Westlake Village in February 2024, down by 54.1% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for Westlake Village, CA
How long does it take to sell a home in Westlake Village, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 78 Days | +41.7% |
Summary: Homes in Westlake Village had an average of 78 days on market in Feb 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in Westlake Village; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.