This week, the median list price for Woodland Hills, CA is $1,799,100, with the Market Action Index (MAI) at 39, the same as last month. Inventory has increased to 139 properties, keeping the market in a slight seller’s advantage. Stay informed with the latest market trends!
Market Action Index
The Market Action Index measures supply and demand balance:
- Current MAI: 39 (Slight Seller’s Advantage)
- Last Month’s MAI: 39
The market remains stable, but any shifts in demand could influence pricing trends.
Market Narrative
The Woodland Hills real estate market continues to show stability. Inventory has risen, but demand remains strong enough to keep the market in the seller’s zone. If sales activity increases, prices may start climbing again.
Real-Time Market Profile
Here’s a snapshot of key market data:
- Median List Price: $1,799,100
- Median Price of New Listings: $1,974,500
- Price per Square Foot: $680
- Average Days on Market: 101
- Median Days on Market: 42
- Price Decreased: 40% of listings
- Price Increased: 5% of listings
- Relisted Properties: 28%
- Inventory: 139 properties
- Median Rent: $6,625 per month
Market Segments
The market is divided into four pricing segments, each representing 25% of available listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,147,500 | 4,891 | 0.25 - 0.5 acre | 5 | 5 | 38 | 3 | 3 | 35 |
| $2,099,000 | 2,964 | 0.25 - 0.5 acre | 5 | 3.5 | 62 | 7 | 2 | 42 |
| $1,598,000 | 2,339 | 8,000 - 10,000 sqft | 4 | 3 | 65 | 3 | 4 | 98 |
| $1,200,000 | 1,944 | 6,500 - 8,000 sqft | 3 | 2 | 63 | 7 | 8 | 49 |
Conclusion
Woodland Hills remains in a slight seller’s market, but inventory is growing. Sellers may need to stay competitive with pricing, while buyers still face strong demand in certain price ranges. Keep an eye on the Market Action Index for any signs of a shift.
Contact Information
For expert insights and real estate opportunities in Woodland Hills, contact the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest market updates in Woodland Hills!
