This week, the median list price for Woodland Hills, CA is $1,648,000, with the Market Action Index (MAI) at 36, slightly lower than last month’s 37. Inventory has decreased to 153 properties, reflecting a stable yet cooling market. Stay informed on Woodland Hills real estate trends!
Market Action Index
The Market Action Index measures the balance of sales versus inventory:
- Current MAI: 36 (Slight Seller’s Advantage)
- Last Month’s MAI: 37
Woodland Hills remains in the Seller’s Market zone, but the cooling trend continues. If the MAI increases, expect prices to follow. However, a consistent drop could shift the market toward buyers.
Market Narrative
The Woodland Hills market has plateaued, with prices remaining stable over recent weeks. Sellers retain a slight advantage, but buyers should keep an eye on inventory and price adjustments for potential opportunities.
Real-Time Market Profile
Key metrics for the Woodland Hills market this week:
- Median List Price: $1,648,000
- Median Price of New Listings: $1,499,000
- Price per Square Foot: $679
- Average Days on Market: 92
- Median Days on Market: 56
- Price Decreased: 54% of listings
- Price Increased: 7% of listings
- Relisted Properties: 24%
- Inventory: 153 properties
- Median Rent: $5,498 per month
Market Segments
Woodland Hills homes fall into four distinct segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,699,499 | 3,896 | 0.25 - 0.5 acre | 5 | 4.5 | 59 | 4 | 5 | 70 |
| $1,799,000 | 2,721 | 0.25 - 0.5 acre | 4 | 3 | 61 | 2 | 5 | 70 |
| $1,482,000 | 2,246 | 0.25 - 0.5 acre | 4 | 2.5 | 62 | 8 | 5 | 31 |
| $1,175,000 | 1,882 | 8,000 - 10,000 sqft | 3 | 2 | 64 | 7 | 8 | 42 |
Conclusion
The Woodland Hills market remains steady with a slight Seller’s Advantage. Buyers should watch for price reductions and properties relisted on the market, while sellers should aim for competitive pricing to attract offers quickly.
Contact Information
For personalized insights into the Woodland Hills real estate market, contact the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay up to date with the latest trends in Woodland Hills real estate!
