Westlake Village, CA

Westlake Village

Westlake Village’s luxury real estate market is rising, with average sales prices climbing to $7M in 2024, up from $6.2M in 2023. This steady growth reflects a decade-long upward trend, offering an attractive alternative to pricier markets like Malibu or Beverly Hills. 

Highlights

• Average sales prices rise to $7M, showcasing steady growth

• DOM drops to 197, well below the regional average

• Sellers achieve 94% of the listing price, a standout performance

An efficient, approachable market

The market is also highly efficient, with Days On Market (DOM) at 197 in 2024, 43% lower than the regional average of 343 days. Sellers are thriving, achieving an impressive 94% of their listing price on average, making it one of the most seller-friendly markets in the region.

Westlake Village’s success stems from its scenic beauty and family-friendly appeal. The area offers a serene, yet convenient, lifestyle just a short drive from Los Angeles. Top-rated schools, a strong local economy, and a tight-knit community further enhance its appeal, consistently attracting buyers seeking luxury without the premium price.