Pango Group

West Hills, CA

Single-Family Homes

www.pangogroup.com



West Hills, CA

Sun Jul 14 2024
This week the median list price for West Hills, CA is $1,349,750 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 50. Click here to stay informed with the West Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

West Hills, CA

Sun Jul 14 2024
This week the median list price for West Hills, CA is $1,349,750 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 50. Click here to stay informed with the West Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the West Hills market.
Median List Price $1,349,750
Median Price of New Listings $949,900
Per Square Foot $575
Average Days on Market 53
Median Days on Market 28
Price Decreased 40%
Price Increased 4%
Relisted 12%
Inventory 50
Median Rent
Market Action 52
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,499,000 5,010 1 - 2.5 acres 5 4.8 35 2 1 77
$1,573,500 2,546 0.25 - 0.5 acre 5 3 53 0 0 24
$1,199,000 1,997 8,000 - 10,000 sqft 4 2.5 63 2 0 21
$949,900 1,570 6,500 - 8,000 sqft 4 2 65 5 4 21