Woodland Hills, CA Real Estate Market Update

Woodland Hills, CA Real Estate Market Update

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:

Stay in the loop with Woodland Hills real estate!

Work With Us

Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

Follow Me on Instagram