Is West Hills, 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, West Hills has remained a Seller's Market.
Housing Prices in West Hills, CA
How much do homes in West Hills, CA cost?
Median Sold Price
$977,500
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Hills was $977,500 in May 2024, up 2.8% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $401.5K | 0.4% |
2 Bedrooms | $562.7K | $650K | +15.5% |
3 Bedrooms | $878K | $932.5K | +6.2% |
4 Bedrooms | $1.0M | $980K | -2.0% |
5+ Bedrooms | $1.8M | $1.4M | -19.7% |
Summary: West Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Cities
San Fernando Valley | $894.9K | $949.5K | +6.1% |
Simi Valley | $780K | $805.5K | +3.3% |
Los Angeles | $968.1K | $995.9K | +2.9% |
West Hills | $950.5K | $977.5K | +2.8% |
Housing Supply in West Hills, CA
How many homes are available in West Hills, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 95 | +11.8% |
Summary: The West Hills real estate market had 95 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The West Hills housing inventory by bedroom type for May 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 20%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in West Hills in May 2024, down by 8.3% month-over-month. Of the 22 sold homes, 5% were sold under asking, 5% were sold at asking, and 91% were sold over asking.
Days on Market for West Hills, CA
How long does it take to sell a home in West Hills, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 19 Days | +7.1% |
Summary: Homes in West Hills had an average of 19 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in West Hills; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.