More Homes Available for Sale in Conejo Valley: What This Means for Your Home Search

If you’re looking to buy a home in Conejo Valley, including Westlake Village, Thousand Oaks, Agoura Hills, Oak Park, or Newbury Park, now could be an ideal time. The number of homes on the market in these areas is at its highest in recent years, giving buyers more choices and potentially less competition. Here’s what this means for you as a potential homebuyer.

More Homes Available for Sale in Conejo Valley: What This Means for Your Home Search

If you’re looking to buy a home in Conejo Valley, including Westlake Village, Thousand Oaks, Agoura Hills, Oak Park, or Newbury Park, now could be an ideal time. The number of homes on the market in these areas is at its highest in recent years, giving buyers more choices and potentially less competition. Here’s what this means for you as a potential homebuyer.

Increased Inventory Means More Choices for You

In Conejo Valley, the number of homes for sale has steadily risen, giving buyers more options than they've had in recent years. According to Realtor.com, inventory levels across the U.S. are showing significant growth:

"There were 29.2% more homes actively for sale on a typical day in October 2024 compared to the same time last year, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019."

In Conejo Valley, this trend is evident. While inventory has not fully returned to pre-pandemic levels, the increase in available homes is a welcome shift for buyers who might have felt limited by fewer options in recent years. There were 28% more homes actively for sale on a typical day in October 2024 compared to the same time last year. With more listings available, you can take more time to find a property that fits your needs, whether it’s in Westlake Village with its scenic views, Thousand Oaks known for family-friendly neighborhoods, or Agoura Hills with its mix of suburban and rural charm.

Slowing Home Price Growth: What This Means for Buyers

In areas like Oak Park and Newbury Park, an increased supply of homes is having an impact on home prices. When inventory is tight, buyers tend to compete fiercely, which drives prices up quickly. However, with the recent increase in available properties, price growth has started to slow down, making homes more accessible.

As Lance Lambert, Co-Founder of ResiClub, notes:

"Generally speaking, housing markets where active inventory has returned to pre-pandemic levels have seen home price growth soften or even decline outright from their 2022 peak."

This shift could give you a better chance of finding a home that fits within your budget, allowing you to explore neighborhoods across Conejo Valley without feeling pressured by steeply rising prices.

Location Matters: Get Local Insights from a Real Estate Expert

While these trends apply broadly, inventory levels and home prices vary by neighborhood and town. In Westlake Village and Thousand Oaks, for instance, the dynamics may differ slightly from Agoura Hills or Oak Park due to unique local factors. Working with an experienced real estate agent who understands the Conejo Valley market can be a significant advantage. They can provide insights into neighborhood trends, help you assess current pricing, and guide you to make a confident offer.

Bottom Line

If you’re looking to buy a home in Conejo Valley, now is an excellent time to explore the market. With more homes on the market and slower price growth, you have a greater chance of finding a property that suits your lifestyle and budget. Whether you’re looking in Westlake Village, Thousand Oaks, or Agoura Hills, reach out to a local real estate expert who can help you navigate the current market and find the home that’s right for you.