This Week’s Market Overview
Westlake Village 91361 has a median asking price of $2,599,999, with 59 single-family homes available and a median 63 days on market. The Market Action Index is 34, indicating a slight seller’s advantage.
Market Action Index
The current Market Action Index is 34, compared with 35 last month. Sellers retain a slight advantage, but the lower reading points to softer demand relative to available inventory.
Market Narrative
Inventory is steady while demand has softened and asking prices remain relatively stable. Further inventory growth could increase pricing pressure, making a home’s position against competing listings especially important.
For sellers, condition, presentation and realistic pricing can help distinguish a property. Buyers should compare similar homes carefully rather than assume that the ZIP-wide median describes the value of an individual listing.
Real-Time Market Profile
- Median List Price: $2,599,999
- Median Price of New Listings: $2,125,000
- Price per Sq Ft: $773
- Average Days on Market: 109 days
- Median Days on Market: 63 days
- % Price Decreased: 37%
- % Price Increased: 0%
- Relisted Properties: 19%
- Inventory: 59 homes
- Median Rent: Not reported
- Market Action Index: 34
- Market Position: Slight Seller’s Advantage
Market Segments
Median asking prices across the four price segments, from highest to lowest, are $8,995,000, $2,899,999, $1,990,000 and $1,237,500. These differences reinforce the importance of comparing a home with its own price tier and closest competing properties.
Lifestyle Demand
When evaluating a Westlake Village home, consider its location, condition, floor plan and amenities alongside the market figures. Outdoor space, views and the property’s setting can help distinguish otherwise similar listings, so a property-specific comparison remains more useful than the ZIP-wide median alone.
Conclusion
Westlake Village 91361 retains a slight seller’s advantage, but the decline in the Market Action Index calls for careful pricing and attention to competing inventory. Sellers should position their homes thoughtfully, while buyers can use current alternatives to guide a property-specific discussion.
Contact Information
Andrew Spitz
(818) 370-6121
[email protected]
Fran Chavez
(818) 517-1411
[email protected]
