Market Report
Westlake Village, CA 91361
Single-Family Homes
Chartwell Escrow
Westlake Village, CA 91361
Wed Jan 15 2025
This week the median list price for Westlake Village, CA 91361 is $3,595,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased to 45.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $3,595,000 | |
| Median Price of New Listings | $1,870,000 | |
| Per Square Foot | $838 | |
| Average Days on Market | 152 | |
| Median Days on Market | 105 | |
| Price Decreased | 31% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 45 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $9,188,000 | 7,316 | 10 - 20 acres | 6 | 6 | 11 | 1 | 0 | 119 |
| $5,400,000 | 4,975 | 0.25 - 0.5 acre | 4 | 3.5 | 32 | 0 | 0 | 119 |
| $2,450,000 | 3,208 | 8,000 - 10,000 sqft | 4 | 3 | 47 | 1 | 0 | 98 |
| $1,397,000 | 2,540 | 4,500 - 6,500 sqft | 4 | 2.8 | 49 | 3 | 0 | 87 |