Justin Tye

Westlake Village, CA

Single-Family Homes

Active Realty I REAL



Westlake Village, CA

Thu Jun 20 2024
This week the median list price for Westlake Village, CA is $2,872,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has decreased to 72. 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 has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. 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

Thu Jun 20 2024
This week the median list price for Westlake Village, CA is $2,872,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has decreased to 72. 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 has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. 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 $2,872,500
Median Price of New Listings $1,649,499
Per Square Foot $768
Average Days on Market 82
Median Days on Market 49
Price Decreased 39%
Price Increased 1%
Relisted 14%
Inventory 72
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
$7,024,500 6,695 1 - 2.5 acres 5 6 26 0 1 94
$3,443,500 4,340 0.5 - 1 acre 4 5 35 1 1 42
$2,185,000 3,445 8,000 - 10,000 sqft 4 4 46 4 3 52
$1,569,500 2,435 6,500 - 8,000 sqft 4 3 53 7 5 21