West Hills, CA 91304 Real Estate Market Report

ZIP Code: 91304
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of recent market value is the median sold price $999,000, which anchors valuation and suggests that transaction-level pricing is notably below asking expectations given the median listing price $1,249,950; this pricing gap may indicate seller pricing friction and the need for realistic adjustments when marketing properties.

2. The neighborhood shows slower sales velocity with a median days on market 328, which appears to reflect prolonged time-to-contract and may indicate neutral market absorption despite occasional month-over-month gains; sellers should plan for extended marketing timelines and consider targeted incentives.

3. Pricing intensity remains relatively high on a unit basis with a median price per square foot 518, even as the broader price trend is down year-over-year; this suggests pockets of value where square-foot premiums persist and that pricing must be calibrated to submarket condition rather than headline trends.

4. Rent dynamics are soft with a median market rent $2,395 and rent year-over-year trend down, while interest rate pressure is elevated; investors should expect weaker near-term rental growth and factor higher financing costs into underwriting, and owners may consider holding or selective capital improvements rather than relying on rapid rent appreciation.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

West Hills, CA 91304 Real Estate Market Report

ZIP Code: 91304
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market indicator is the median sold price of 439,000, which anchors recent transaction values and, given the price year-over-year trend is down, signals a net cooling in realized sale prices compared with the prior year.

2. Liquidity appears muted: the median days on market is 384, which points to slower sales velocity and, when considered alongside relatively constrained active supply in the analyzed sample, may indicate pricing friction between sellers and buyers.

3. There is a notable spread between the median listing price of 330,000 and the median sold price of 439,000, which suggests a disconnect between asking expectations and recent transaction levels that could require price adjustments or selective buyer concessions to close deals.

4. Market headwinds include softening rental conditions and financing pressure: median market rent is 2,600 and the rent year-over-year trend is down, while interest rate pressure is elevated, both of which may constrain investor and buyer affordability in the near term.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.