Is Agoura Hills-Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Agoura Hills-Malibu was a Seller's Market.
Key Takeaway
Agoura Hills-Malibu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Agoura Hills-Malibu, CA
How much do homes in Agoura Hills-Malibu, CA cost?
Median Sold Price
$1,550,666
$666/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Agoura Hills-Malibu have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Agoura Hills-Malibu was $1,550,666 in April 2024, up 3.5% from last year, and the median price per square foot was $666.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $459.5K | $452K | -1.6% |
| 2 Bedrooms | $760.6K | $780K | +2.5% |
| 3 Bedrooms | $1.3M | $1.2M | -4.2% |
| 4 Bedrooms | $1.6M | $1.8M | +13.9% |
| 5+ Bedrooms | $3.0M | $2.9M | -2.9% |
Summary: Agoura Hills-Malibu housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Calabasas | $1.4M | $1.7M | +15.8% |
| Agoura Hills | $1.1M | $1.1M | +7.7% |
| Westlake Village | $1.3M | $1.4M | +7.3% |
| Agoura Hills-Malibu | $1.4M | $1.5M | +3.5% |
| Malibu | $4.0M | $3.2M | -18.1% |
Housing Supply in Agoura Hills-Malibu, CA
How many homes are available in Agoura Hills-Malibu, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 328 | 385 | +17.4% |
Summary: The Agoura Hills-Malibu real estate market had 385 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 18 | +63.6% |
| 2 Bedrooms | 45 | 45 | 0.0% |
| 3 Bedrooms | 86 | 97 | +12.8% |
| 4 Bedrooms | 93 | 113 | +21.5% |
| 5+ Bedrooms | 93 | 112 | +20.4% |
Summary: The Agoura Hills-Malibu housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 63.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 20.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 41 | -25.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agoura Hills-Malibu, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Agoura Hills-Malibu in April 2024, down by 25.5% month-over-month. Of the 41 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Agoura Hills-Malibu, CA
How long does it take to sell a home in Agoura Hills-Malibu, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 44 Days | -16.6% |
Summary: Homes in Agoura Hills-Malibu had an average of 44 days on market in Apr 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Agoura Hills-Malibu are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in Agoura Hills-Malibu; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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