$10,000 Closing Credit*
$2,500,000
2,981 SqFt
5 Beds
•4 Full Baths
Brian Whitcanack, Listing Office: Pinnacle Estate Properties
Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Westlake Village has remained a Seller's Market.
Key Takeaway
Westlake Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,546,250
$663/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$107,083(+7.4%)
Key Takeaway
Homes in Westlake Village have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Westlake Village was $1,546,250 in November 2024, up 7.4% from last year, and the median price per square foot was $663.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $454.4K | +16.5% |
| 2 Bedrooms | $701.5K | $780K | +11.2% |
| 3 Bedrooms | $1.2M | $1.3M | +4.8% |
| 4 Bedrooms | $1.6M | $1.7M | +6.9% |
| 5+ Bedrooms | $2.4M | $2.2M | -9.5% |
Summary: Westlake Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Newbury Park | $938K | $1.0M | +10.0% |
| Westlake Village | $1.4M | $1.5M | +7.4% |
| Thousand Oaks | $1.0M | $1.1M | +6.8% |
| Westlake Village | $1.3M | $1.4M | +4.4% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 118 | -0.8% |
Summary: The Westlake Village real estate market had 118 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 34 | 32 | -5.9% |
Summary: The Westlake Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westlake Village, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Westlake Village in November 2024, up by 7.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 48 Days | -4.7% |
Summary: Homes in Westlake Village had an average of 48 days on market in Nov 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westlake Village are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Westlake Village; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.