This Week's Market Overview
The median list price for Westlake Village, CA 91361 is $2,999,475, with approximately 120 active properties on the market and the Market Action Index holding at 33 — a slight seller's advantage. Inventory has risen modestly compared to prior months, offering buyers more options while the market continues to lean in sellers' favor overall.
Market Action Index
Current MAI: 33 (Slight Seller's Advantage) | Last Month's MAI: 34
The MAI has eased slightly, reflecting a gradual increase in supply relative to demand. The market remains in seller's territory, but the trend is worth monitoring — continued softening could begin to shift negotiating dynamics heading into summer.
Market Narrative
Westlake Village 91361 moves into mid-May 2026 with the steady, quiet confidence that defines this community. Average home prices have appreciated approximately 6.8% year-over-year, a meaningful gain that reflects durable demand for one of the region's most coveted lifestyle addresses — anchored by the lake, top-rated schools, and a neighborhood character that's genuinely hard to replicate.
Classic Westlake Village neighborhoods — First Neighborhood, Westlake Island, Foxmoor, and the lake communities — remain in consistent demand and continue to generate the strongest buyer interest. Sherwood, at the upper end of the market, is also showing notable strength. The broader ZIP, however, tells a nuanced story: some luxury and ultra-luxury listings have been sitting considerably longer, particularly those priced ambitiously without strong condition or presentation to back it up. Well-priced, well-presented homes are still moving within a reasonable timeframe and achieving solid outcomes. Overpriced listings are not.
Real-Time Market Profile
- Median List Price: $2,999,475
- Median Price of New Listings: $1,800,000
- Price per Sq Ft: $708
- Average Days on Market: 95
- Median Days on Market: 68
- % Price Decreased: 32%
- % Price Increased: 2%
- Relisted Properties: 16%
- Inventory: ~120 properties
- Median Rent: $7,200/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,000,000+ | 6,500+ | 0.5–2+ acres | 5–6 | 6–7 | 10–30 yrs | 1 | 0 | 180 |
| $3,000,000–$6,000,000 | 4,000–6,500 | 0.25–0.5 acre | 5–6 | 5–6 | 20–40 yrs | 2 | 1 | 110 |
| $1,500,000–$3,000,000 | 2,500–4,000 | 7,000–10,000 sqft | 4–5 | 3–5 | 25–50 yrs | 5 | 4 | 65 |
| Under $1,500,000 | 900–2,500 | Condo/Townhome | 2–3 | 2–3 | 25–45 yrs | 4 | 4 | 45 |
Conclusion
Westlake Village 91361 remains one of the most desirable communities in the greater Los Angeles area, and the market reflects that — pricing has held, demand is consistent, and the lifestyle premium is real. Sellers who approach the market with accurate pricing and strong presentation are still finding motivated buyers. For buyers, the current environment offers more inventory and more negotiating room than the market has provided in years — particularly at the upper end — making this a rare window of opportunity in a market that rarely gives much ground.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
