$10,000 Closing Credit*
$2,195,000
2,526 SqFt
7 Beds
•3 Baths
Jesper Inglis, Listing Office: Coldwell Banker Realty
Is The Westside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, The Westside was a Seller's Market.
Key Takeaway
The Westside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Westside, CA
How much do homes in The Westside, CA cost?
Median Sold Price
$1,771,488
$935/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,199(+1.1%)
Key Takeaway
Homes in The Westside have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in The Westside was $1,771,488 in November 2024, up 1.1% from last year, and the median price per square foot was $935.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $643.6K | $645.6K | 0.3% |
| 2 Bedrooms | $1.1M | $1.1M | 0.2% |
| 3 Bedrooms | $1.8M | $1.8M | 0% |
| 4 Bedrooms | $2.8M | $2.7M | -1.4% |
| 5+ Bedrooms | $4.5M | $4.3M | -4.3% |
Summary: The Westside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| The Westside | $1.7M | $1.7M | +1.1% |
| Westwood | $1.2M | $1.2M | +0.7% |
Housing Supply in The Westside, CA
How many homes are available in The Westside, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,265 | 2,193 | -3.2% |
Summary: The The Westside real estate market had 2,193 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 145 | 138 | -4.8% |
| 2 Bedrooms | 608 | 585 | -3.8% |
| 3 Bedrooms | 564 | 511 | -9.4% |
| 4 Bedrooms | 392 | 384 | -2.0% |
| 5+ Bedrooms | 556 | 575 | +3.4% |
Summary: The The Westside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 424 | 308 | -27.4% |
Asking Price vs. Sold Price
197 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Westside, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 308 homes were sold or pending in The Westside in November 2024, down by 27.4% month-over-month. Of the 308 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for The Westside, CA
How long does it take to sell a home in The Westside, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 49 Days | +33.4% |
Summary: Homes in The Westside had an average of 49 days on market in Nov 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
144 Homes Were Sold
Under 30 Days
114 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Westside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 308 homes were sold in The Westside; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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