$6,828 Closing Credit*
$575,000
920 SqFt
2 Beds
•1 Full Bath
Todd Riccio, Listing Office: Pinnacle Estate Properties, Inc.
Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$1,550,000
$656/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$102,500(+7.1%)
Key Takeaway
Homes in Westlake Village have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Westlake Village was $1,550,000 in December 2024, up 7.1% from last year, and the median price per square foot was $656.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $450K | +12.5% |
| 2 Bedrooms | $700K | $781.2K | +11.6% |
| 3 Bedrooms | $1.3M | $1.3M | +2.2% |
| 4 Bedrooms | $1.6M | $1.7M | +5.4% |
| 5+ Bedrooms | $2.2M | $2.3M | +4.4% |
Summary: Westlake Village housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Triunfo Pass-Point Mugu | $2.9M | $4.1M | +42.6% |
| Newbury Park | $939.3K | $1.0M | +9.1% |
| Westlake Village | $1.4M | $1.5M | +7.1% |
| Westlake Village | $1.3M | $1.4M | +5.3% |
| Thousand Oaks | $1.0M | $1.1M | +4.9% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 104 | 87 | -16.3% |
Summary: The Westlake Village real estate market had 87 homes for sale in December 2024, a 16.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Westlake Village housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Westlake Village in December 2024, down by 33.3% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 60 Days | 49 Days | -18.4% |
Summary: Homes in Westlake Village had an average of 49 days on market in Dec 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westlake Village has remained consistent over time.
Summary: During December 2024, 20 homes were sold in Westlake Village; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% 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.