Pango Group

Westlake Village, CA

Single-Family Homes

www.pangogroup.com


Westlake Village, CA

Fri Apr 18 2025
This week the median list price for Westlake Village, CA is $3,122,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 106. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Westlake Village, CA

Fri Apr 18 2025
This week the median list price for Westlake Village, CA is $3,122,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 106. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $3,122,500
Median Price of New Listings $2,074,725
Per Square Foot $797
Average Days on Market 99
Median Days on Market 56
Price Decreased 38%
Price Increased 4%
Relisted 20%
Inventory 106
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$9,897,500 9,594 2.5 - 5 acres 5 6.8 19 2 0 140
$4,922,500 5,080 0.5 - 1 acre 5 4.5 33 1 2 59
$2,699,000 3,560 0.25 - 0.5 acre 4 3.5 37 5 2 56
$1,470,000 2,415 6,500 - 8,000 sqft 4 2.5 50 8 7 21