Local Market Report

Westlake Village, CA 91361

Single-Family Homes



Westlake Village, CA 91361

Thu Dec 01 2022
This week the median list price for Westlake Village, CA 91361 is $2,199,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 33. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Westlake Village, CA 91361

Thu Dec 01 2022
This week the median list price for Westlake Village, CA 91361 is $2,199,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 33. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $2,199,000
Median Price of New Listings $2,592,500
Per Square Foot $807
Average Days on Market 115
Median Days on Market 42
Price Decreased 42%
Price Increased 0%
Relisted 21%
Inventory 33
Median Rent
Market Action 42
Slight Seller's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$7,822,500 8,446 0.5 - 1 acre 5 7.5 21 0 0 164
$3,746,500 4,735 0.25 - 0.5 acre 4 5 28 1 0 56
$1,793,944 2,373 0.25 - 0.5 acre 4 3 43 1 2 28
$1,339,000 1,737 8,000 - 10,000 sqft 4 2 55 0 1 35