Westlake Village Real Estate Market Update — June 2026

Westlake Village Real Estate Market Update: Home Prices in June 2026

In June 2026, the median closed home price in Westlake Village came in at $1,388,000, with 45 homes changing hands over the month. That's a step down from April's red-hot median of $1,667,500, when 51 homes closed — the highest volume month of the past year. However, this shift shouldn't be read as a cooling market; instead, it more closely reflects a return to seasonal normalcy after an unusually strong spring.

Looking at the trailing 12 months overall, the median closed price across Westlake Village sits at $1,455,000, giving you a far more stable benchmark than any single month alone. Additionally, prices have moved within a fairly consistent band — generally $1.28M to $1.84M month to month — which points to a market that's active but not wildly volatile. For comparison, September and November 2025 both saw medians closer to $1.3M, while March 2026 jumped to $1.84M, so month-to-month swings of this size aren't unusual in a neighborhood with a relatively limited number of monthly closings.

Days on Market & How Fast Homes Are Selling

Homes in Westlake Village spent a median of 38 days on market in June 2026, just slightly above the trailing 12-month median of 35 days. As a result, well-priced, move-in-ready homes are still moving at a healthy clip. For context, DOM peaked at 56 days back in January 2026 — a typical winter slowdown — before compressing to 23 days in April as spring buyer demand ramped up. Since then, DOM has crept back up modestly through May and June, which is a normal seasonal pattern rather than a red flag.

Therefore, if you're a seller wondering whether your home will sit on the market, the data suggests otherwise: as long as pricing is realistic and the home shows well, Westlake Village homes are still finding buyers within about a month. On the other hand, homes priced aggressively above recent comparable sales tend to be the ones that linger past 45–60 days, so accurate pricing from day one continues to matter more than ever.

Price Per Square Foot Trends

Price per square foot tells a slightly different story than the median price alone, and it's a useful cross-check whenever the headline number moves. In June 2026, the median sold price per square foot was $660.60, actually higher than April's $649.40 — even though the overall median price dropped. Consequently, this suggests smaller, more efficiently-priced homes made up a larger share of June's closings, rather than any genuine erosion in per-square-foot value.

Across the full trailing 12 months, the median price per square foot for Westlake Village sits at $640.57, reinforcing that underlying value per square foot has actually held remarkably steady, even as overall closing volume and property mix fluctuated month to month. In fact, price per square foot has stayed within a fairly tight $590–$715 range all year, which is a much narrower band than the median price swings alone would suggest.

Single-Family Homes vs. Townhomes vs. Condos

Westlake Village's 379 closings over the trailing 12 months break down as follows:

This mix matters because it directly shapes what "median price" represents in any given month. A month with more townhome and condo closings — like some of the summer months tend to see — will naturally pull the overall median price down, even if single-family home values haven't budged at all. Because of this, when you're comparing your own home to "the market," it's always best to compare within your specific property type first, rather than relying on the citywide median alone.

Westlake Village Real Estate Market Update: Buyer's or Seller's Market?

Right now, Westlake Village is best described as a balanced-to-seller-favoring market. Homes are selling at essentially 100% of list price on average, and median days on market remains under 40 days — both signs of solid, sustained demand. However, it's not the frenzied, multiple-offer environment of spring 2026; buyers currently have a bit more room to negotiate than they did in March and April, while sellers who price accurately are still seeing strong, fast results.

In other words, neither side has overwhelming leverage at the moment. Since conditions are relatively balanced, both buyers and sellers benefit from working with a local agent who can read the specific comps for a given price point and property type, rather than relying on broad market headlines alone.

How Westlake Village Compares to Nearby Cities

Westlake Village consistently commands a premium over many neighboring Ventura County communities, driven by its top-rated schools, lake access, and upscale retail and dining. If you're weighing Westlake Village against other nearby options, it's worth reviewing how it stacks up to Thousand Oaks and Camarillo, or looking at the broader Ventura County market update for additional context on regional pricing trends. Similarly, buyers relocating from Los Angeles often compare Westlake Village directly against San Fernando Valley communities, since commute times and price points frequently overlap.

According to recent California Association of REALTORS® housing data, Ventura County as a whole has shown resilient demand despite higher borrowing costs, and Westlake Village's performance this year tracks closely with that broader regional trend.

What's Driving Demand in Westlake Village

Westlake Village's appeal isn't just about the numbers — it's rooted in fundamentals that continue to draw buyers even as borrowing costs remain elevated. The Conejo Valley Unified and Las Virgenes school districts consistently rank among the top-performing in the region, which remains one of the single biggest drivers of family relocation into the area. Meanwhile, the Westlake Lake itself, along with The Promenade and Westlake Village Inn, gives the city a walkable, resort-like feel that's difficult to find elsewhere in Ventura County at a comparable price point.

Because of this combination of schools, amenities, and lifestyle, Westlake Village tends to hold value more consistently through rate fluctuations than markets that lean more heavily on investor or first-time buyer activity. In other words, the buyer pool here skews toward move-up families and relocating professionals who are less rate-sensitive than entry-level buyers elsewhere in the county, which helps explain why sale-to-list ratios have remained close to 100% even as DOM has fluctuated.

Looking Ahead: What to Expect Through Late Summer 2026

Based on the seasonal pattern in this data, expect days on market to continue drifting modestly higher through July and August before compressing again in early fall, which has been the typical rhythm over the past 12 months. Similarly, price per square foot has proven far more stable than headline median price, so it remains the more reliable metric to watch if you want a true read on whether values are appreciating or softening.

For sellers, this means late summer listings should be priced with current comps in mind rather than April's peak pricing, since that spring surge was driven by unusually tight inventory rather than a permanent shift in buyer demand. For buyers, it means the negotiating window that opened in May and June is likely to persist through most of the summer, giving you a reasonable stretch of time to find the right home without the intense competition seen earlier in the year.

What Do These Numbers Mean for Your Home or Your Move?

Citywide numbers are useful, but your property type, neighborhood, condition, and price range determine the real answer. A current comp review can show where you stand.

Frequently Asked Questions