Is Calabasas, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Calabasas has remained a Seller's Market.
Key Takeaway
Calabasas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Calabasas, CA
How much do homes in Calabasas, CA cost?
Median Sold Price
$1,759,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Calabasas have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Calabasas was $1,759,000 in May 2024, up 16.9% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $514.9K | $505K | -1.9% |
| 2 Bedrooms | $710K | $659.5K | -7.1% |
| 3 Bedrooms | $1.2M | $1.2M | 0.4% |
| 4 Bedrooms | $1.6M | $1.8M | +13.8% |
| 5+ Bedrooms | $3.0M | $3.3M | +12.6% |
Summary: Calabasas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Calabasas | $1.5M | $1.7M | +16.9% |
| Agoura Hills-Malibu | $1.4M | $1.5M | +9.8% |
| San Fernando Valley | $894.9K | $949.5K | +6.1% |
| Los Angeles | $968.1K | $995.9K | +2.9% |
Housing Supply in Calabasas, CA
How many homes are available in Calabasas, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 94 | +5.6% |
Summary: The Calabasas real estate market had 94 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 43 | 41 | -4.7% |
Summary: The Calabasas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 4.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calabasas, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Calabasas in May 2024, down by 5.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 6% were sold at asking, and 39% were sold over asking.
Days on Market for Calabasas, CA
How long does it take to sell a home in Calabasas, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -7.0% |
Summary: Homes in Calabasas had an average of 35 days on market in May 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Calabasas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Calabasas; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.