October 2024 Real Estate Market Update: West Hills

Here’s a closer look at the trends in West Hills last month:

**Fast-Paced Market: 68% of Homes Sold in 30 Days or Less**

The most significant takeaway from October's sales data is the speed at which homes are selling. A remarkable 68% of homes sold in West Hills found buyers within 30 days. This suggests that there is still a strong buyer demand in the area, and properties that are priced well and presented effectively are attracting attention quickly. For both sellers and buyers, this fast pace underscores the importance of being prepared—sellers may benefit from setting the right price and staging their homes to stand out, while buyers may need to act quickly when they find the right property.

**Moderate Sales: 29% of Homes Sold in 30 to 90 Days**

While a large portion of homes sold quickly, nearly 29% took between 30 and 90 days to close. These homes may have faced slightly more competition, required adjustments to pricing, or simply needed more time to find the right buyer. This timeframe is still relatively reasonable in a fluctuating market, but it reflects that sellers may need to stay flexible and consider strategic adjustments to their listing if they aren't getting offers within the first few weeks.

**Longer-Term Listings: 3% of Homes Sold After 90 Days**

Only 3% of homes in West Hills took more than 90 days to sell in October, a relatively small proportion. This suggests that most homes in the area are being sold in a timely manner, and the market isn’t stagnant for long-term listings. Homes that fall into this category likely had unique circumstances—whether it was a higher price point, less desirable features, or external factors that contributed to the longer time on the market.

**West Hills Market Outlook: What’s Next?**

As we move into the latter part of 2024, the West Hills market appears to be in good shape, with strong sales performance and quick turnover for most properties. For sellers, this means it’s still a great time to list, especially if your home is ready to show well and priced competitively. For buyers, the market remains competitive, so it’s essential to stay organized, flexible, and prepared to act when the right opportunity arises.

Whether you're looking to buy or sell, understanding these market trends can give you a clearer picture of what to expect in the coming months in West Hills.

As always, working with an experienced real estate agent can help navigate the specifics of the area and give you a competitive edge.