This week, the median list price for Woodland Hills, CA is $1,695,000, with the Market Action Index (MAI) at 37, down from last month’s 40. Inventory has risen to 162 homes. Stay updated with the latest Woodland Hills market trends by clicking here!
Market Action Index
The Market Action Index indicates the balance of sales rate and inventory in the market.
- Current MAI: 37 (Slight Seller’s Advantage)
- Last Month’s MAI: 40
The Woodland Hills market remains in a cooling phase, with steady pricing. Though demand still supports a slight Seller’s Advantage, any consistent drop in the MAI or shift toward the Buyer’s zone may lead to downward pricing pressure. Alternatively, if the MAI rises again, prices may increase.
Market Narrative
The market is seeing a cooling trend with price stabilization. Woodland Hills maintains a slight Seller's Advantage, but with increased inventory, buyers might find more negotiation opportunities. Sellers should be aware of competitive pricing to attract offers.
Real-Time Market Profile
Key market statistics for Woodland Hills this week:
- Median List Price: $1,695,000
- Median Price of New Listings: $1,395,000
- Price per Square Foot: $680
- Average Days on Market: 87
- Median Days on Market: 49
- Price Decreased: 48% of listings
- Price Increased: 3% of listings
- Relisted Properties: 25%
- Inventory: 162 homes
- Median Rent: $5,975 per month
Increased inventory and price adjustments provide buyers with more choices and potential negotiation points. Sellers should focus on competitive pricing to stand out.
Market Segments
Woodland Hills homes fall into four segments, each representing about 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,635,000 | 3,718 | 0.25 - 0.5 acre | 5 | 4.5 | 60 | 3 | 6 | 56 |
| $1,885,000 | 2,591 | 0.25 - 0.5 acre | 4 | 3 | 61 | 4 | 5 | 73 |
| $1,495,000 | 2,445 | 0.25 - 0.5 acre | 4 | 3 | 60 | 6 | 2 | 42 |
| $1,179,000 | 1,856 | 6,500 - 8,000 sqft | 3 | 2 | 64 | 6 | 10 | 21 |
Conclusion
The Woodland Hills market remains in a slight Seller's Advantage, but growing inventory and some price reductions point to buyer opportunities. Sellers aiming to move their properties quickly should consider competitive pricing strategies.
Contact Information
For expert guidance and up-to-date insights on Woodland Hills, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Stay in the loop with Woodland Hills real estate!
