Is West Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hills is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Hills has remained a Seller's Market.

Key Takeaway

West Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Hills, CA

How much do homes in West Hills, CA cost?

Median Sold Price

$1,000,000

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,500(+3.9%)

Key Takeaway

Homes in West Hills have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in West Hills was $1,000,000 in November 2024, up 3.9% from last year, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $428K$382K
-10.7%
2 $640K$600K
-6.3%
3 $915K$925K
+1.1%
4 $994K$1.0M
+2.7%
5+ $1.5M$1.4M
-5.1%

Summary: West Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Cities

San Fernando Valley
+6.3%
Los Angeles
+5.2%
Simi Valley
+4.4%
West Hills
+3.9%

Housing Supply in West Hills, CA

How many homes are available in West Hills, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10289-12.7%

Summary: The West Hills real estate market had 89 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 22
0.0%
3 3330
-9.1%
4 4231
-26.2%
5+ 2325
+8.7%

Summary: The West Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hills, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in West Hills in November 2024, down by 34.6% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% 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

Nov 2023Nov 2024CHANGE
30 Days26 Days-10.8%

Summary: Homes in West Hills had an average of 26 days on market in Nov 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Hills are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in West Hills; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in West Hills, CA

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