Westlake Village, CA Housing Market
Median List Price
$1,699,000
Updated August 2026
Today, Westlake Village has 106 homes for sale at a median list price of $1,699,000, typically selling in about 62 days.
Westlake Village Market Analysis
Homes in Westlake Village, CA carry a median list price of $1.7M. Median pricing works out to $663 per square foot. The median price moved from $1.4M in February to $1.2M in July, a 14.3% decrease over six months.
The typical listing reaches pending status in about 31 days. Right now 106 homes are on the market in Westlake Village, CA. 36 new listings came on the market in the last 30 days.
Six bedroom homes carry the highest medians at $7.5M, with one bedroom homes starting the range at $382,000. Single family homes make up about 61.3% of current inventory, with townhomes accounting for another 21.7%. Addresses here fall across the 91361 and 91362 ZIP codes.
Westlake Village Rental Market
Rentals in Westlake Village, CA carry a median asking rent of $6,700. The median rent moved from $5,500 in February to $5,200 in July, a 5.5% decrease over six months. Right now 38 rentals are on the market in Westlake Village, CA.
Westlake Village Market Pulse
Topfind Market Read
The picture is mixed here. Sales volume is up 43% versus six months ago, yet the typical home takes about 62 days to sell, and 43% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.70M
↓ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.9 months of supply
Balanced Supply106 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~62 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 25% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 51% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Westlake Village
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
82%
Homeowners
18%
Renters
Homeownership is 26.5 points higher than the California average (55.5%)
3,058 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $877K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.5M)
Price Reductions
46 listings have reduced their price
43% of active listings
Average reduction: 5.9% (~$100K)
Browse Westlake Village Listings
Frequently Asked Questions about the Westlake Village, CA Housing Market
What is the median home price in Westlake Village, CA?
The median list price in Westlake Village is $1,699,000 as of August 2026, based on 106 active listings.
Is Westlake Village a buyer's market or a seller's market?
Westlake Village currently reads as a balanced market. Active inventory works out to about 3.9 months of supply at the recent sales pace.
How fast do homes sell in Westlake Village?
Homes that closed in the last 90 days typically went under contract in about 31 days. The average home currently for sale has been on the market for 62 days.
Are home prices in Westlake Village going up or down?
The median sale price in Westlake Village is down about 3.5% compared with a year ago.
How many homes are for sale in Westlake Village, CA?
There are 106 homes for sale in Westlake Village right now, including 6 listed within the last week.
What is the median rent in Westlake Village?
The median asking rent in Westlake Village is $6,700 per month, across 38 active rental listings.