Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,370,000
$611/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westlake Village was $1,370,000 in June 2024, up 0.9% from last year, and the median price per square foot was $611.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $409.7K | -1.3% |
2 Bedrooms | $745K | $677.5K | -9.1% |
3 Bedrooms | $1.1M | $1.1M | +6.1% |
4 Bedrooms | $1.6M | $1.6M | -2.8% |
5+ Bedrooms | $2.6M | $2.8M | +5.5% |
Summary: Westlake Village housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Agoura Hills-Malibu | $1.4M | $1.6M | +12.6% |
Agoura Hills | $1.0M | $1.2M | +11.1% |
Westlake Village | $1.3M | $1.4M | +7.9% |
Thousand Oaks | $1.0M | $1.0M | +7.4% |
Westlake Village | $1.3M | $1.3M | +0.9% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
134 | 166 | +23.9% |
Summary: The Westlake Village real estate market had 166 homes for sale in June 2024, a 23.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 27 | 0.0% |
3 Bedrooms | 28 | 41 | +46.4% |
4 Bedrooms | 42 | 53 | +26.2% |
5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The Westlake Village housing inventory by bedroom type for June 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 46.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 34 | +3.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Westlake Village in June 2024, up by 3.0% month-over-month. Of the 34 sold homes, 59% were sold under asking, 6% were sold at asking, and 35% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +28.1% |
Summary: Homes in Westlake Village had an average of 44 days on market in Jun 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 34 homes were sold in Westlake Village; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.