Westwood Home Prices & Values

$929,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.4% 1-year change
  • 5.4% 1-year forecast

Market Temperature: CoolWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in Westwood is $929,300. Westwood home values have gone up 10.4% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Westwood is $594, which is higher than the Los Angeles average of $373. The median price of homes currently listed in Westwood is $1,095,000 while the median price of homes that sold is $865,300. The median rent price in Westwood is $3,158, which is higher than the Los Angeles median of $2,195.

Foreclosures will be a factor impacting home values in the next several years. In Westwood 1.5 homes are foreclosed (per 10,000). This is lower than the Los Angeles value of 2.5 and also lower than the national value of 4.4

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Relative ZHVI
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Westwood Market Overview

Data through Jul 31, 2014
  • $929,300 ZHVI
  • 5.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $1,095,000 Median listing price
  • $865,300 Median sale price
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Westwood Market Health

Data through Jul 31, 2014
  • 8.1/10 Very healthy What's This?  
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    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)

1.5 homes Westwood
2.5 homes Los Angeles
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bel Air $2,537,900 Beverly Glen $1,754,800 Cheviot Hills $1,456,500
Beverlywood $1,375,500 Mar Vista $1,015,800 West Los Angeles $1,007,000
Century City $883,400 Palms $780,100 Sawtelle $711,700

Listings & Sales

Data through Jul 31, 2014
  • $594 Median list price / sq ft
  • $599 Median sale price / sq ft
  • 28.5% Listings with price cut
10.0%
Sold below listing
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Westwood Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,825 Westwood
$2,409 Los Angeles
$1,318 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $3,158 Rent list price
  • $2.79 Rent list price / sq ft
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