Local Market Report

Westlake Village, CA 91361

Single-Family Homes


Westlake Village, CA 91361

Wed Apr 24 2024
This week the median list price for Westlake Village, CA 91361 is $2,649,000 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has increased to 59. Click here to stay informed with the Westlake Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Westlake Village, CA 91361

Wed Apr 24 2024
This week the median list price for Westlake Village, CA 91361 is $2,649,000 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has increased to 59. Click here to stay informed with the Westlake Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $2,649,000
Median Price of New Listings $2,717,000
Per Square Foot $845
Average Days on Market 109
Median Days on Market 35
Price Decreased 22%
Price Increased 0%
Relisted 10%
Inventory 59
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,074,000 7,276 1 - 2.5 acres 5 6.5 21 2 1 105
$4,499,000 4,261 0.5 - 1 acre 4 5 35 4 2 35
$2,200,000 3,528 0.25 - 0.5 acre 4 4 46 2 0 42
$1,800,000 2,305 8,000 - 10,000 sqft 4 2.5 54 2 4 7