10/10/2025
📍 Thousand Oaks Real Estate Market Update — Fall 2025
🏠 Home Values & Trends
• The median sale price in Thousand Oaks most recently is about $1,118,750, up ~6.6% year over year. 
• On Zillow, the typical home value is ~$1,028,753, showing a ~–1.6% change over the past year. 
• In recent quarters, the median sale price has hovered near $1.0 M, showing modest year-over-year growth (~1.2%) in Q2. 
• For single-family homes: median ~ $1.1M, with mild appreciation; for condos: median ~$685K, up more strongly (~13%) year over year. 
📊 Inventory & Sales Activity
• In June 2025, there were 164 active listings — ~8.6% more than the prior month. 
• Sales are slowing: June saw 23 homes sold or pending — a ~17.9% drop from May. 
• Many homes (61%) sold below asking price. 
• Average days on market in June: ~35 days, up ~65% compared to last year. 
• In August 2025, homes took ~51 days to sell, up from ~42 days the prior year. 
🔍 Market Dynamics & Trends
• The market is becoming more balanced. The shift from a strong seller’s market toward more negotiation room for buyers is evident. 
• Elevated mortgage rates and affordability constraints are putting pressure on more modest or middle-market homes. 
• Some sellers are adjusting expectations, especially for homes needing work or in less popular areas. 
• Neighborhoods like Newbury Park, Oak Park, and Westlake Village remain strong draws given schools, amenities, and relative value. 
💡 What This Means for Buyers & Sellers Here
For Buyers:
• You have more leverage now than in prior years — more listings, slower pace, and more negotiation room.
• Don’t wait too long: desirable homes are still moving, albeit more slowly.
• Focus on condition and presentation — well-staged, well-maintained homes are getting better offers.
For Sellers:
• Be realistic. Overpricing can lead to long market times or price reductions down the road.
• Make sure your home shows well. Minor improvements, repairs, or staging can make a difference.
• Timing matters — if you’re flexible, listing now may get more attention than waiting.