Is West Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Hills has remained a Seller's Market.
Housing Prices in West Hills, CA
How much do homes in West Hills, CA cost?
Median Sold Price
$965,000
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Hills was $965,000 in April 2024, down 2.5% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $401.5K | 0.4% |
2 Bedrooms | $617.5K | $625K | +1.2% |
3 Bedrooms | $885K | $935K | +5.6% |
4 Bedrooms | $1.0M | $980K | -3.0% |
5+ Bedrooms | $1.7M | $1.6M | -6.6% |
Summary: West Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
San Fernando Valley | $901.1K | $938.9K | +4.2% |
Simi Valley | $776K | $807.8K | +4.1% |
Los Angeles | $978.8K | $986.4K | +0.8% |
West Hills | $990K | $965K | -2.5% |
Housing Supply in West Hills, CA
How many homes are available in West Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 83 | +22.1% |
Summary: The West Hills real estate market had 83 homes for sale in April 2024, a 22.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The West Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in West Hills in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 4% were sold at asking, and 65% were sold over asking.
Days on Market for West Hills, CA
How long does it take to sell a home in West Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 18 Days | -57.2% |
Summary: Homes in West Hills had an average of 18 days on market in Apr 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in West Hills; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.