This Week’s Market Overview
The median list price for Westlake Village, CA 91362 is $1,995,000, reflecting steady demand across luxury and mid-tier homes. Inventory is currently around 118 homes, signaling a balanced-to-slight seller’s market as we move deeper into the fall season.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 37 (Slight Seller’s Advantage)
- Last Month’s MAI: 38
The MAI has dipped slightly, indicating a modest cooling trend. However, conditions still favor sellers overall, as high-quality listings continue to attract strong offers.
Market Narrative
Market activity in 91362 remains stable, with a mix of luxury estates and family homes driving steady buyer interest. Median sale prices have climbed modestly over the past year, while homes are spending longer on the market compared to early 2024. Buyers are more deliberate, and sellers who price realistically continue to see successful closings within 60–75 days.
Real-Time Market Profile
- Median List Price: $1,995,000
- Median Price of New Listings: $1,849,000
- Price per Square Foot: $705
- Average Days on Market: 73
- Median Days on Market: 61
- Price Decreased: 28% of listings
- Price Increased: 3% of listings
- Relisted Properties: 12%
- Inventory: 118 properties
- Median Rent: $5,200 / month
Market Segments
Westlake Village 91362 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,950,000 | 5,200 | 15,000 – 25,000 sqft | 6 | 6 | 10–20 | 1 | 1 | 78 |
| $2,250,000 | 3,800 | 10,000 – 15,000 sqft | 5 | 5 | 20–30 | 1 | 1 | 65 |
| $1,425,000 | 2,600 | 6,500 – 10,000 sqft | 4 | 3 | 30–45 | 1 | 1 | 58 |
| $935,000 | 1,750 | Condo / Small Lot | 2–3 | 2–3 | 35–50 | 0 | 0 | 50 |
Conclusion
Westlake Village 91362 remains a desirable and resilient market, with solid pricing supported by limited inventory and consistent buyer demand. Homes are taking slightly longer to sell, but sellers who adjust to realistic pricing are still closing successfully. Buyers benefit from more balanced conditions, with increasing opportunities to negotiate favorable terms in the coming months.
Contact Information
For expert insights and exclusive property opportunities in Westlake Village 91362, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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