Home Values

Westwood Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$952,000

  • 11.1% 1-year change
  • 3.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Westwood is $952,000. Westwood home values have gone up 11.1% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Westwood is $587, which is higher than the Los Angeles average of $371. The median price of homes currently listed in Westwood is $949,900 while the median price of homes that sold is $1,332,250. The median rent price in Westwood is $3,500, which is higher than the Los Angeles median of $2,263.

Foreclosures will be a factor impacting home values in the next several years. In Westwood 1.1 homes are foreclosed (per 10,000). This is lower than the Los Angeles value of 2.0 and also lower than the national value of 4.0

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Relative ZHVI
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Westwood Market Overview

Data through Sep 30, 2014
  • $952,000 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $949,900 Median listing price
  • $1,332,250 Median sale price (Aug 31, 2014)
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Westwood Market Health

Data through Sep 30, 2014
  • 8.3/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

1.1 homes Westwood
2 homes Los Angeles
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Bel Air $3,088,700
Beverly Glen $2,146,700
Cheviot Hills $1,506,600
Name Median ZHVI
Beverlywood $1,370,600
Mar Vista $1,035,100
West Los Angeles $979,700
Name Median ZHVI
Century City $910,300
Palms $766,500
Sawtelle $711,900

Listings & Sales

Data through Sep 30, 2014
  • $587 Median list price / sq ft
  • $615 Median sale price / sq ft
  • 26.8% Listings with price cut
8.0%
Sold below listing
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Westwood Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $3,978 Westwood
    $2,450 Los Angeles
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $3,500 Rent list price
  • $3.08 Rent list price / sq ft
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