Is Agoura Hills-Malibu, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Agoura Hills-Malibu is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Agoura Hills-Malibu was a Seller's Market.

Key Takeaway

Agoura Hills-Malibu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Agoura Hills-Malibu, CA

How much do homes in Agoura Hills-Malibu, CA cost?

Median Sold Price

$1,579,666

$678/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$82,111(+5.5%)

Key Takeaway

Homes in Agoura Hills-Malibu have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Agoura Hills-Malibu was $1,579,666 in November 2024, up 5.5% from last year, and the median price per square foot was $678.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $447.5K$459.5K
+2.7%
2 $780K$752K
-3.6%
3 $1.2M$1.3M
+6.0%
4 $1.7M$1.8M
+4.3%
5+ $3.0M$3.4M
+14.3%

Summary: Agoura Hills-Malibu housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Malibu
+14.2%
Agoura Hills
+12.3%
Calabasas
+12.0%
Agoura Hills-Malibu
+5.5%
Westlake Village
+4.4%

Housing Supply in Agoura Hills-Malibu, CA

How many homes are available in Agoura Hills-Malibu, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
401411+2.5%

Summary: The Agoura Hills-Malibu real estate market had 411 homes for sale in November 2024, a 2.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1415
+7.1%
2 5758
+1.8%
3 111113
+1.8%
4 111107
-3.6%
5+ 108118
+9.3%

Summary: The Agoura Hills-Malibu housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 9.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5048-4.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Agoura Hills-Malibu, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Agoura Hills-Malibu in November 2024, down by 4.0% month-over-month. Of the 48 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.

Days on Market for Agoura Hills-Malibu, CA

How long does it take to sell a home in Agoura Hills-Malibu, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days63 Days+90.0%

Summary: Homes in Agoura Hills-Malibu had an average of 63 days on market in Nov 2024, up by 90% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Agoura Hills-Malibu has remained consistent over time.

Summary: During November 2024, 48 homes were sold in Agoura Hills-Malibu; 33% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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