This Week's Market Overview
The median list price for Westlake Village, CA 91362 is $1,995,000, with approximately 118 active properties on the market and consistent demand across both the luxury estate and mid-tier single-family segments. The market holds in slight seller's territory as the spring season brings renewed buyer activity to one of the region's most family-friendly and lifestyle-rich communities.
Market Action Index
Current MAI: 34 (Slight Seller's Advantage) | Last Month's MAI: 35
The MAI has dipped modestly but remains comfortably in seller's territory. The slight cooling reflects increased inventory rather than weakened demand — buyers are showing up, but they have more to evaluate than in prior months.
Market Narrative
Westlake Village 91362 moves into mid-May with steady fundamentals. Average home prices have climbed approximately 6.8% year-over-year, a healthy signal of durable demand in a community defined by top-rated schools, manicured neighborhoods, and easy access to both LA and Ventura County amenities.
Neighborhoods like First Neighborhood, Foxmoor, and Westlake Island continue to draw consistent buyer interest, while the condominium and townhome segment — particularly units priced under $1 million — remains one of the most active tiers in the ZIP. Homes that are well-presented and accurately priced are closing within 60 to 75 days. Overpriced listings, however, are sitting considerably longer and increasingly requiring reductions before finding buyers. Sellers who set realistic expectations from the start are still seeing strong outcomes.
Real-Time Market Profile
- Median List Price: $1,995,000
- Median Price of New Listings: $1,850,000
- Price per Sq Ft: $749
- Average Days on Market: 72
- Median Days on Market: 52
- % Price Decreased: 30%
- % Price Increased: 2%
- Relisted Properties: 14%
- Inventory: ~118 properties
- Median Rent: $5,800/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,500,000+ | 5,000+ | 0.5–1+ acre | 5–6 | 5–6 | 10–30 yrs | 2 | 1 | 95 |
| $2,500,000–$4,500,000 | 3,200–5,000 | 0.25–0.5 acre | 4–5 | 4–5 | 20–40 yrs | 4 | 3 | 78 |
| $1,300,000–$2,500,000 | 2,000–3,200 | 6,000–9,000 sqft | 3–4 | 3–4 | 30–50 yrs | 8 | 7 | 58 |
| Under $1,300,000 | 900–1,800 | Condo/Townhome | 2–3 | 2–3 | 25–45 yrs | 6 | 6 | 38 |
Conclusion
Westlake Village 91362 continues to deliver strong long-term value and lifestyle quality that keeps buyer demand consistently engaged. While the market pace has eased from its peak and sellers face a more discerning buyer pool, well-positioned homes are still achieving excellent results. For buyers, this spring window offers more inventory and slightly more negotiating flexibility than the past two years — a rare combination in a market as desirable as Westlake Village.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
