Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westlake Village was a Seller's Market.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,505,303
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westlake Village was $1,505,303 in April 2024, up 8.9% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $409.7K | -1.3% |
2 Bedrooms | $750K | $692.5K | -7.7% |
3 Bedrooms | $1.2M | $1.3M | +9.4% |
4 Bedrooms | $1.6M | $1.7M | +6.9% |
5+ Bedrooms | $2.6M | $2.2M | -14.5% |
Summary: Westlake Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
Westlake Village | $1.3M | $1.5M | +8.9% |
Thousand Oaks | $999.9K | $1.0M | +7.5% |
Westlake Village | $1.3M | $1.4M | +7.3% |
Newbury Park | $924.1K | $987K | +6.8% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 121 | +17.5% |
Summary: The Westlake Village real estate market had 121 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 17 | 11 | -35.3% |
4 Bedrooms | 42 | 54 | +28.6% |
5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Westlake Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 20 | -25.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Westlake Village in April 2024, down by 25.9% month-over-month. Of the 20 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 44 Days | +14.7% |
Summary: Homes in Westlake Village had an average of 44 days on market in Apr 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Westlake Village; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.