This week, the median list price for Woodland Hills, CA is $1,699,000, with the Market Action Index (MAI) slightly decreasing to 41 from last month's 42, signaling a slight seller's advantage. Inventory has increased to 143 active listings. Stay updated on the Woodland Hills market trends!
Market Action Index
The Market Action Index provides insight into market trends by comparing the rate of sales with the available inventory.
- Current MAI: 41 (Slight Seller's Advantage)
- Last Month's MAI: 42
The MAI has been cooling recently, and prices have remained flat for several weeks. The market is still favorable to sellers, but if the MAI decreases further, buyers may gain more leverage. Conversely, if the MAI starts to climb again, expect prices to follow suit.
Market Narrative
Woodland Hills is experiencing a plateau in market conditions, with the MAI indicating that sellers still have the upper hand. However, a continued decrease in the MAI could signal a shift toward a more balanced market. Buyers should monitor for any changes, as they could signal opportunities.
Real-Time Market Profile
Here’s a breakdown of the current real-time data for Woodland Hills:
- Median List Price: $1,699,000
- Median Price of New Listings: $1,475,000
- Price per Square Foot: $698
- Average Days on Market: 97
- Median Days on Market: 63
- Price Decreased: 49% of listings
- Price Increased: 6% of listings
- Relisted Properties: 28% of listings
- Inventory: 143 homes
- Median Rent: $5,700 per month
With nearly half of the listings seeing price reductions and increased inventory, buyers might find opportunities in the current market. However, sellers continue to have an edge for now.
Market Segments
Here’s a breakdown of key market segments, each representing approximately 25% of the Woodland Hills market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,695,000 | 3,881 | 0.25 - 0.5 acre | 5 | 4.5 | 61 | 3 | 3 | 91 |
| $1,970,000 | 2,796 | 0.25 - 0.5 acre | 4 | 3 | 59 | 1 | 2 | 73 |
| $1,499,000 | 2,298 | 0.25 - 0.5 acre | 4 | 2.5 | 63 | 8 | 1 | 56 |
| $1,199,000 | 1,756 | 8,000 - 10,000 sqft | 3 | 2 | 64 | 5 | 5 | 45 |
This illustrates the wide variety of homes in Woodland Hills, from high-end luxury estates to more modest family homes.
Conclusion
Woodland Hills remains a slight seller's market, but a cooling trend is emerging, with flat prices and an increasing inventory. Both buyers and sellers should keep a close eye on the Market Action Index to determine future price movement.
Contact Information
For expert advice and personalized insights into the Woodland Hills real estate market, reach out to the local experts at Spitz Chavez Group.
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Stay tuned for future market updates!
