Justin Tye

Westlake Village, CA

Single-Family Homes

Active Realty I REAL



Westlake Village, CA

Fri May 24 2024
This week the median list price for Westlake Village, CA is $3,075,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 75. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Westlake Village, CA

Fri May 24 2024
This week the median list price for Westlake Village, CA is $3,075,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 75. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $3,075,000
Median Price of New Listings $2,012,500
Per Square Foot $797
Average Days on Market 105
Median Days on Market 42
Price Decreased 35%
Price Increased 4%
Relisted 15%
Inventory 75
Median Rent
Market Action 41
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$7,075,000 6,695 1 - 2.5 acres 5 6 21 1 0 77
$4,395,000 5,056 0.5 - 1 acre 4 5 34 0 2 35
$2,335,000 3,715 0.25 - 0.5 acre 4 4 36 1 0 70
$1,700,000 2,434 6,500 - 8,000 sqft 4 3 48 2 4 28