$10,000 Closing Credit*
$1,999,500
3,932 SqFt
5 Beds
•5 Full Baths
David Watkins, Listing Office: Pinnacle Estate Properties, Inc.
Is Woodland Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Woodland Hills has remained a Seller's Market.
Key Takeaway
Woodland Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodland Hills, CA
How much do homes in Woodland Hills, CA cost?
Median Sold Price
$1,232,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,640(+3.2%)
Key Takeaway
Homes in Woodland Hills have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Woodland Hills was $1,232,000 in October 2024, up 3.2% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $440K | +2.3% |
| 2 Bedrooms | $603K | $643.5K | +6.7% |
| 3 Bedrooms | $1.1M | $1.1M | +4.5% |
| 4 Bedrooms | $1.3M | $1.4M | +5.6% |
| 5+ Bedrooms | $1.9M | $2.0M | +7.4% |
Summary: Woodland Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in Woodland Hills, CA
How many homes are available in Woodland Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 246 | 293 | +19.1% |
Summary: The Woodland Hills real estate market had 293 homes for sale in October 2024, a 19.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 33 | 39 | +18.2% |
| 3 Bedrooms | 70 | 79 | +12.9% |
| 4 Bedrooms | 72 | 96 | +33.3% |
| 5+ Bedrooms | 56 | 62 | +10.7% |
Summary: The Woodland Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 51 | +4.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodland Hills, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Woodland Hills in October 2024, up by 4.1% month-over-month. Of the 51 sold homes, 49% were sold under asking, 22% were sold at asking, and 29% were sold over asking.
Days on Market for Woodland Hills, CA
How long does it take to sell a home in Woodland Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 30 Days | -18.3% |
Summary: Homes in Woodland Hills had an average of 30 days on market in Oct 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodland Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 51 homes were sold in Woodland Hills; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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.