This Week’s Market Overview
The median list price for Woodland Hills, CA is $1,692,500, with the Market Action Index (MAI) at 33, indicating a slight seller’s advantage. Inventory remains steady at 204 homes, suggesting the market has stabilized in recent weeks.
Market Action Index
The Market Action Index gauges market conditions by comparing rate of sales to current inventory:
-
Current MAI: 33 (Slight Seller’s Advantage)
-
Last Month’s MAI: 33
Though the index has remained consistent, low inventory levels continue to favor sellers. Watch for shifts in the MAI, which may signal pricing trends.
Market Narrative
Woodland Hills continues to hover in a balanced but slightly seller-favored environment. Prices have remained steady, with minimal movement up or down. If demand increases or inventory drops, we may see upward pressure on prices resume.
Real-Time Market Profile
-
Median List Price: $1,692,500
-
Median Price of New Listings: $1,585,000
-
Price per Square Foot: $680
-
Average Days on Market: 95
-
Median Days on Market: 56
-
Price Decreased: 42% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 15%
-
Inventory: 204 homes
-
Median Rent: $6,250/month
Market Segments
The Woodland Hills housing market is divided into four pricing tiers, each representing about 25% of listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,850,000 | 4,027 | 0.25 - 0.5 acre | 5 | 5 | 58 | 5 | 6 | 56 |
| $1,950,000 | 3,009 | 0.25 - 0.5 acre | 4 | 3.5 | 63 | 2 | 9 | 63 |
| $1,485,000 | 2,293 | 8,000 - 10,000 sqft | 4 | 3 | 62 | 6 | 6 | 84 |
| $1,149,000 | 1,660 | 6,500 - 8,000 sqft | 3 | 2 | 66 | 6 | 8 | 35 |
Conclusion
Woodland Hills remains a relatively stable seller's market. Price movement has been minimal, but with demand holding steady and inventory low, sellers still have the upper hand. Buyers should watch for potential shifts in inventory or buyer competition.
Contact Information
For expert insights and private listings in Woodland Hills, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with the latest updates in Woodland Hills real estate.
