If you’re looking to buy or sell a home in the Conejo Valley—whether in Westlake Village, Agoura Hills, Oak Park, Thousand Oaks, or Newbury Park—you’ve likely noticed the market is heating up. As we head into the end of the year, there are critical insights to help you navigate this competitive environment and maximize your real estate goals.

Market at a Glance: Inventory is Up, Homes Are Moving Faster

Currently, there are 309 homes available in the Conejo Valley, a significant 28% increase from the 241 homes on the market in October 2023. This higher inventory offers buyers more options to explore properties that fit their needs. However, it’s still a competitive market, and homes are selling fast.

With 147 homes sold in the past month—a 20% increase year-over-year—buyer activity is high, and homes are averaging just 57 days on the market. This is 18 days faster than last year, reflecting the pace at which motivated buyers are ready to move. If you’re considering buying, it’s essential to be prepared with a pre-approval and a clear strategy for viewing and making offers.

For Buyers: Increased Choices but Quick Action is Key

With more inventory on the market, buyers in Agoura Hills, Newbury Park, Oak Park, and surrounding areas have a broader selection to choose from. This boost in available homes gives buyers the chance to find properties that better suit their needs, whether that’s a family-friendly home in Oak Park or a luxury property in Westlake Village.

However, with an average of 57 days on the market, homes are selling more quickly than they were last year. Buyers need to move quickly to avoid losing out on the right home and should consider strategies like securing financing ahead of time, exploring adjustable-rate mortgage options, or working with an experienced local real estate agent to streamline the buying process.

For Sellers: Price Strategically to Attract the Right Buyer

With the average home price in the Conejo Valley rising to $1.39M—a 13% year-over-year increase—sellers have a unique opportunity to benefit from high demand and rising values. However, competitive pricing and home presentation are crucial to attracting serious buyers.

Staging, quality photography, and targeted online marketing can make your property stand out in today’s market. Homes in areas like Thousand Oaks and Newbury Park are seeing a steady increase in buyer interest, so having a strong listing strategy will help capture attention and ensure a successful sale. Sellers should work with a seasoned real estate team who understands the local market and can advise on the best strategies for maximum return.

Conejo Valley Real Estate FAQs

Q: Is now a good time to buy a home in Conejo Valley?
A: Yes, with inventory up by 28%, buyers have more options than they did last year. However, the market remains competitive, so it’s important to be ready to act when you find the right home.

Q: How long are homes staying on the market in areas like Westlake Village and Thousand Oaks?
A: Homes are averaging 57 days on the market, which is 18 days faster than last year. Buyers are motivated, so timing is key.

Q: How much has the average home price increased in Conejo Valley?
A: The average home price in Conejo Valley has risen by 13% to $1.39M, reflecting strong demand across the area.

Making the Most of Today’s Conejo Valley Real Estate Market

In summary, while buyers in the Conejo Valley, Westlake Village, Agoura Hills, Oak Park, Thousand Oaks, and Newbury Park have more options, they need to act quickly due to the competitive pace. Sellers, on the other hand, can take advantage of rising prices but must focus on strategic pricing and strong presentation to stand out. Whether you’re buying or selling, working with an experienced local real estate team can help you make the most of these market dynamics.

Ready to explore your options? Reach out to our team to discuss how we can help you navigate this dynamic market and achieve your real estate goals.