This week, the median list price for Woodland Hills, CA is $1,599,500, with the Market Action Index (MAI) at 40, up from last month’s 39. Inventory has decreased to 104 properties, reinforcing a slight Seller’s Advantage. Stay updated on Woodland Hills real estate trends!
Market Action Index
The Market Action Index compares the rate of sales to inventory:
- Current MAI: 40 (Slight Seller’s Advantage)
- Last Month’s MAI: 39
With home sales continuing to outpace supply, the market remains favorable for sellers. If this trend persists, prices may see upward pressure in the coming weeks.
Market Narrative
The Woodland Hills real estate market is strengthening, with a consistent rise in demand and reduced inventory. If these conditions continue, sellers could see increased home values, while buyers should be prepared to act quickly in a competitive environment.
Real-Time Market Profile
Key metrics for the Woodland Hills market this week:
- Median List Price: $1,599,500
- Median Price of New Listings: $1,993,944
- Price per Square Foot: $677
- Average Days on Market: 122
- Median Days on Market: 81
- Price Decreased: 46% of listings
- Price Increased: 4% of listings
- Relisted Properties: 26%
- Inventory: 104 properties
- Median Rent: $6,000 per month
Market Segments
Woodland Hills properties are categorized into four distinct segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,893,500 | 4,934 | 0.25 - 0.5 acre | 5 | 5 | 39 | 6 | 2 | 91 |
| $1,787,000 | 2,586 | 0.25 - 0.5 acre | 4 | 3 | 62 | 4 | 4 | 94 |
| $1,475,000 | 2,177 | 0.25 - 0.5 acre | 4 | 2.5 | 62 | 1 | 4 | 63 |
| $1,197,500 | 2,032 | 6,500 - 8,000 sqft | 3 | 2.3 | 65 | 3 | 3 | 84 |
Conclusion
The Woodland Hills market continues to lean in favor of sellers, with increasing demand and decreasing inventory. Buyers should be prepared for competition, while sellers can capitalize on strong market conditions by pricing strategically.
Contact Information
For expert insights into Woodland Hills real estate, contact the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest developments in Woodland Hills real estate!
