This Week's Market Overview
The median list price for Westlake Village, CA 91361 is $2,999,475, with the Market Action Index (MAI) at 33, reflecting a slight seller's advantage. Inventory has risen to approximately 120 active properties, indicating slightly looser conditions compared to prior months.
The community's distinctive blend of lakeside living, top-rated schools, and proximity to both LA and Ventura County amenities continues to underpin strong long-term demand.
Market Action Index
Current MAI: 33 (Slight Seller's Advantage) | Last Month's MAI: 35
The MAI has dipped modestly but the market holds in seller's territory. Buyers and sellers should monitor this trend — sustained softening of the MAI may begin to shift negotiating dynamics.
Market Narrative
The 91361 market reflects a measured plateau as it moves into spring 2026. The average Westlake Village home is now selling near $1.95 million, up approximately 6.8% year-over-year, a healthy indicator of the area's enduring appeal.
With average days on market at 128 and 34% of listings having seen price reductions, buyers today have more time to evaluate options and negotiate — especially on homes that have been sitting longer. That said, well-priced, well-presented homes in Westlake Island, First Neighborhood, Foxmoor, and Sherwood continue to attract serious interest and move at a notably faster pace. The entry-level tier — condos and townhomes — remains particularly active.
Real-Time Market Profile
- Median List Price: $2,999,475
- Median Price of New Listings: $1,899,500
- Price per Sq Ft: $800
- Average Days on Market: 128
- Median Days on Market: 81
- % Price Decreased: 34%
- % Price Increased: 1%
- Relisted Properties: 15%
- Inventory: 120 properties
- Median Rent: $7,000/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $9,747,500 | 8,615 | 1–2.5 acres | 6 | 7 | 24 | 0 | 0 | 119 |
| $3,974,500 | 4,580 | 0.25–0.5 acre | 5 | 4 | 42 | 1 | 1 | 87 |
| $2,424,500 | 3,224 | 0.25–0.5 acre | 4 | 3 | 40 | 3 | 3 | 45 |
| $1,491,500 | 2,276 | 6,500–8,000 sqft | 4 | 2.8 | 53 | 2 | 5 | 91 |
Conclusion
Westlake Village 91361 continues to offer an exceptional lifestyle and long-term value for both buyers and sellers. While the market is showing early signs of cooling from its peak seller advantage, demand for quality homes in key neighborhoods remains solid. Sellers who price thoughtfully and prepare their homes effectively are well-positioned for favorable outcomes, while buyers gain increasing flexibility across all segments.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
