Thousand Oaks Housing Market Report – May 2026
Here's a look at how the Thousand Oaks, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 68
- Median Sale Price: $1,058,500
- Average Sale Price: $1,094,163
- Average Price Per Sq Ft: $553
- Average Days on Market: 65
- Sale-to-List Price Ratio: 99.0%
Month-Over-Month Trends
Compared to April, the median sale price in Thousand Oaks moved 4.3% up (from $1,015,000 to $1,058,500). The number of homes sold was 6.8% down compared to the prior month (73 vs. 68). Average days on market shifted 14.0% up (57 days to 65 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 20.7% down (from $1,335,000 to $1,058,500). Sales volume is 7.9% up year-over-year.
What This Means
Thousand Oaks is showing mixed signals this May, with prices climbing modestly while the market takes its time to move inventory. The median sale price hit $1,058,500, up 4.3% from April, suggesting some seasonal strength as we head into summer. However, that 20.7% year-over-year decline tells the real story—the market has cooled significantly compared to last spring. Sellers appear to be adjusting expectations, with the sale-to-list ratio holding steady at 99%, indicating homes are fetching nearly asking price without the bidding wars we saw in 2025.
The extended time on market is worth noting. At 65 days average, homes are lingering about two weeks longer than they were last month, and active listings remain relatively plentiful at 222 units. This gives buyers meaningful negotiating power and time to make thoughtful decisions—a far different dynamic than the frenzy of a year ago.
Overall, Thousand Oaks feels like a balanced market in transition. Prices aren't crashing, but they're not surging either. If you're a buyer, this environment favors patience and selectivity. If you're selling, realistic pricing and property condition matter more than ever.
Thousand Oaks Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91362 | 33 | $1,067,000 | $556 | 58 |
| 91360 | 29 | $1,010,000 | $539 | 59 |
| 91320 | 3 | $1,180,000 | $547 | 44 |
| 91361 | 3 | $1,150,000 | $672 | 215 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 48 | $1,165,000 | $582 |
| CONDOS | 11 | $510,000 | $468 |
| TOWNHOMES | 7 | $655,000 | $500 |
| CONDO | 1 | $845,000 | $480 |
| LAND | 1 | $100,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $300K - $399K | 4 |
| $400K - $499K | 1 |
| $500K - $749K | 12 |
| $750K+ | 50 |
Current Active Listings
As of this report, there are 222 active listings in Thousand Oaks with a median asking price of $1,100,000 and an average of 67 days on market.
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