Thousand Oaks Real Estate Update (94707)
Up-to-the-month details on your neighborhood market
Welcome to your monthly real estate stats page. Find current market data to help you decide if it’s time to sell as well as other insights into property values, trends, and housing demand.
Each month, we update statistics to keep you informed of market changes. Use this data to understand your home's value and the market situation.
The median—rather than the average or mode—gives a truer sense of what a typical home sells for in a neighborhood, while the mean can be misleading due to price extremes.
The median price per square foot is the better choice because it provides a truer reflection of the majority of home sales without being skewed by outliers.
The "percent of list price sold" shows whether homes are selling above or below their asking prices, indicating if market conditions favor buyers or sellers.
The number of new listings reveals the fresh inventory of homes entering the market each month, helping buyers and sellers gauge how many additional choices are becoming available.
Pending sales represent homes under contract but not yet closed, providing a forward-looking indicator of real estate market activity and future closed sales in the neighborhood.