Agoura Hills Housing Market

Halloween in Agoura Hills Housing Trends

What is the housing market like in Agoura Hills today?

In September 2023, Agoura Hills home prices were up 54.3% compared to last year, selling for a median price of $972K. On average, homes in Agoura Hills sell after 35 days on the market compared to 41 days last year. There were 18 homes sold in September this year, up from 17 last year.

Well, the market is still great and Agoura Hills is somewhat competitive. On average, homes sell in approximately 35 days. Stop listening to all the negative talk out there, remember, misery loves company! Did you know that homes for sale are still receiving multiple offers? On average, homes sell for about 2% above list price and go pending in around 32 days. HOT homes can sell for about 7% above list price and go pending in around 18 days.

Agoura Hills Migration & Relocation Trends

In Jul '23 - Sep '23, 19% of Agoura Hills homebuyers searched to move out of Agoura Hills, while 81% looked to stay within the metropolitan area.

Where are people moving to Agoura Hills from?

• Across the nation, 5% of homebuyers searched to move into Agoura Hills from outside metros.

• San Francisco homebuyers searched to move into Agoura Hills more than any other metro followed by Chicago and Washington.

Where are people from Agoura Hills moving to?

• 81% of Agoura Hills homebuyers searched to stay within the Agoura Hills metropolitan area.

• Las Vegas was the most popular destination among Agoura Hills homebuyers followed by Bakersfield and San Diego.

SMALL TOWN FEEL, BIG CITY benefits

Agoura Hills, nestled in the scenic Conejo Valley within the Los Angeles suburbs, is a remarkable blend of small-town charm and urban conveniences; neighboring Westlake Village, Calabasas, and Oak Park. Even though it's a stone's throw from downtown Los Angeles, the town has retained its intimate community vibe. Residents know their neighbors, local shopkeepers welcome patrons warmly, and children revel in the safe parks that dot the area.

Given its dual allure of quaintness and urbanity, it's no wonder Agoura Hills often ranks among the top places to live in Southern California. It's a community that beckons those looking for a harmonious blend of community spirit, educational excellence, career prospects, and leisure opportunities. If you're searching for a local city that offers the warmth of a close-knit community while staying attuned to urban benefits, Agoura Hills stands ready to offer a living experience like no other.

Anna Lanuza | c. 310.295.8807 | DRE02036269 | Email

Prices, Competition, and Recent market Trends

In February 2023, U.S. home prices were down 1.2% compared to last year, selling for a median price of $386,536. On average, the number of homes sold was down 22.3% year over year and there were 324,900 homes sold in February this year, down 418,359 homes sold in February last year. The national average 30 year fixed rate mortgage rate is at 6.3% and up 2.5 points year over year. The Agoura Hills housing market is somewhat competitive. The average sale price of a home in Agoura Hills was $1M last month, down 8.3% since last year. The average sale price per square foot in Agoura Hills is $530, down 2.7% since last year.

What is the housing market like in Agoura Hills today?

In February 2023, Agoura Hills home prices were down 8.3% compared to last year, selling for a median price of $1.0M. On average, homes in Agoura Hills sell after 38 days on the market compared to 31 days last year. There were 14 homes sold in February this year, up from 11 last year. To compare other locations to the Agoura Hills and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Agoura Hills add value to a home. In Dec '22 - Feb '23, 18% of Agoura Hills homebuyers searched to move out of Agoura Hills, while 82% looked to stay within the metropolitan area.

Where are people moving to Agoura Hills from?

• Across the nation, 6% of homebuyers searched to move into Agoura Hills from outside metros.

• San Francisco homebuyers searched to move into Agoura Hills more than any other metro followed by Chicago and New York.

Where are people from Agoura Hills moving to?

• 82% of Agoura Hills homebuyers searched to stay within the Agoura Hills metropolitan area.

• Las Vegas was the most popular destination among Agoura Hills homebuyers followed by San Diego and Phoenix.

Housing Market Overview

Agoura Hills, located in the western part of Los Angeles County, is a beautiful city known for its stunning views, outdoor recreational activities, and upscale residential neighborhoods. With a population of approximately 20,000, the city is an ideal place to raise a family, retire, or enjoy a peaceful lifestyle away from the hustle and bustle of the city.

As of 2021, the Agoura Hills housing market is experiencing an upward trend, with the median home price hovering around $1.3 million. This price range is significantly higher than the national median home price, which is around $350,000. The high cost of living in Agoura Hills is due to several factors, including its proximity to popular cities like Los Angeles and Malibu, its low crime rate, and its excellent schools.

One of the reasons why the Agoura Hills housing market is so strong is because of the city's robust economy. The city has a diverse range of industries, including healthcare, finance, retail, and entertainment. This diversity helps ensure a stable economy, which in turn helps support the housing market.

Another factor contributing to the strong housing market is the limited housing inventory. Agoura Hills is a relatively small city, and there are only a limited number of homes available for sale at any given time. This scarcity drives up the price of homes, as buyers are willing to pay a premium to secure a home in this desirable area.

Despite the high cost of living in Agoura Hills, many buyers are attracted to the city because of its natural beauty and outdoor recreational opportunities. The city is located near the Santa Monica Mountains, which offer hiking, biking, and horseback riding trails. The nearby beaches of Malibu and the Pacific Ocean are also popular destinations for residents.

As the demand for homes in Agoura Hills continues to rise, the city's housing market is likely to remain strong in the coming years. However, the city is taking steps to ensure that the housing market remains accessible to all residents, regardless of income level. For example, the city has implemented inclusionary zoning policies, which require developers to include a certain percentage of affordable housing units in new developments.

The Agoura Hills housing market is strong and shows no signs of slowing down. Despite the high cost of living, the city's natural beauty, excellent schools, and stable economy continue to attract buyers from all over the country. While the limited housing inventory may make it difficult for some buyers to find the perfect home, the city's commitment to affordable housing ensures that everyone has the opportunity to live in this beautiful city.

Anna Lanuza | c. 310.295.8807 | DRE02036269 | Email

In August 2022, the prices in the Agoura Hills Housing Market were up 21.3% compared to last year, selling for a median price of $1.5M. On average, homes in Agoura Hills sell after 43 days on the market compared to 30 days last year. There were 28 homes sold in August this year, down from 29 last year. Agoura Hills is somewhat competitive. Hot homes receive multiple offers.

• The average homes sell for around list price and go pending in around 40 days.

• Hot homes can sell for about 4% above list price and go pending in around 27 days.

Which homebuyers are searching to move into Agoura Hills?

• Across the nation, 6% of homebuyers searched to move into Agoura Hills from outside metros. San Jose homebuyers searched to move into Agoura Hills more than any other metro followed by San Diego and Seattle.

Where are Agoura Hills home buyers searching to move to?

• 80% of Agoura Hills homebuyers searched to stay within the Agoura Hills metropolitan area. San Diego was the most popular destination among Agoura Hills homebuyers followed by Las Vegas and Phoenix.

Anna Lanuza | c. 310.295.8807 | DRE02036269 | AnnaLanuzaRealty@Gmail.com

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