Is Woodland 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, Woodland Hills has remained a Seller's Market.
Housing Prices in Woodland Hills, CA
How much do homes in Woodland Hills, CA cost?
Median Sold Price
$1,226,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodland Hills was $1,226,000 in March 2024, up 3.3% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $445K | +2.3% |
2 Bedrooms | $610K | $635K | +4.1% |
3 Bedrooms | $1.0M | $1.1M | +1.6% |
4 Bedrooms | $1.4M | $1.4M | -2.4% |
5+ Bedrooms | $1.8M | $1.9M | +5.1% |
Summary: Woodland Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Woodland Hills, CA
How many homes are available in Woodland Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
199 | 233 | +17.1% |
Summary: The Woodland Hills real estate market had 233 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 36 | 42 | +16.7% |
3 Bedrooms | 61 | 64 | +4.9% |
4 Bedrooms | 58 | 63 | +8.6% |
5+ Bedrooms | 39 | 55 | +41.0% |
Summary: The Woodland Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 41%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 55 | +44.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Woodland Hills in March 2024, up by 44.7% month-over-month. Of the 55 sold homes, 42% were sold under asking, 13% were sold at asking, and 45% were sold over asking.
Days on Market for Woodland Hills, CA
How long does it take to sell a home in Woodland Hills, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +43.0% |
Summary: Homes in Woodland Hills had an average of 27 days on market in Mar 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in Woodland Hills; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.