The Westwood market hits $2.4M median price with 6% growth. UCLA demand, Purple Line Metro expansion, and strong rental yields ($10K-$30K/month) drive investor interest in 2026.

Westwood Market Update 2026: University Appeal and Transit Drive Steady Growth

Part 1 of 8: Westside Neighborhood Market Reports for 2026 | January Release Series

The Westwood market continues to benefit from sustained demand driven by UCLA, limited inventory, and strong rental fundamentals. Properties near major infrastructure improvements and transit access are commanding premiums, and investor interest remains steady.

The Numbers Show Stability in the Westwood Market

Median single-family home prices in the Westwood market hit $2.4 million, up 6% year-over-year. This is healthy, sustainable growth that reflects genuine demand rather than speculation. Condos reached $935,000, up 5% year-over-year.

What makes the Westwood market interesting is the rental market strength. Single-family homes command $30,000+ per month in rental income at the high end, with mid-range properties renting for $10,000-15,000 monthly. This creates compelling value for investors.

The condo market shows particular strength. With limited new construction and proximity to UCLA, well-maintained buildings are seeing multiple offers and quick sales. Properties near the future Purple Line Metro station are commanding premiums.

Purple Line Impact on the Westwood Market

The Metro Purple Line extension continues to influence property values in the Westwood market. As completion approaches, properties within walking distance of the station are appreciating faster than the broader market. This trend should continue through 2025.

Buyers purchasing now are positioning themselves ahead of the completion surge. Once the line opens, expect another 5-8% appreciation bump for properties in the walkable radius.

Who Has the Advantage

Slight seller edge, provided pricing remains disciplined.

For buyers: Focus on properties near the Purple Line station or within the best school boundaries. These will appreciate faster than the broader Westwood market. Condos offer better value than single-family homes on a price-per-square-foot basis.

For sellers: The market supports current prices, but don’t get greedy. Price 5-7% above recent comps and you’ll sit. Price at comps and you’ll sell within 60 days. Highlight any Metro proximity in your marketing.

Q1 should see continued modest appreciation of 2-4%. The fundamentals—UCLA proximity, limited inventory, strong rental demand—support steady growth. If mortgage rates drop below 6%, expect acceleration in Q2.

The rental income potential makes the Westwood market particularly attractive for investors. Whether you’re buying to occupy or invest, proper pricing and positioning matters.

Westwood Market FAQs

Q: Is the Westwood market a good investment in 2025?
A: Yes. The Westwood market offers compelling investment value with median single-family homes appreciating 6% annually, strong rental yields ($10,000-$30,000/month), and upcoming Purple Line Metro access driving additional appreciation.

Q: What’s driving growth in the Westwood market?
A: Three factors: UCLA’s consistent enrollment providing rental demand, severely limited inventory with minimal new construction, and the approaching Purple Line Metro extension increasing property values near the station.

Q: Are Westwood market prices expected to rise?
A: Forecasts suggest 2-4% appreciation in Q1 2025, with potential acceleration if mortgage rates drop below 6%. Once the Purple Line opens, expect another 5-8% appreciation bump for properties within walking distance of the Metro station.

Q: What property types offer the best value in the Westwood market?
A: Condos currently offer better value than single-family homes on a price-per-square-foot basis. Well-maintained buildings near UCLA and the future Purple Line station are seeing multiple offers and quick sales at the $935,000 median price point.

Westwood’s proximity to UCLA and the upcoming Purple Line creates unique investment potential. The Shilian Group specializes in positioning clients to maximize value in this evolving Westwood market. Let us show you which properties will appreciate and which will underperform. Contact Payman Shilian at The Shilian Group for a confidential consultation today.

Sources

Westwood CA Real Estate / Shilian Group (Q4 2024 report), California Association of Realtors, Metro Purple Line Development Impact Studies.

Disclaimer

All numbers, rates, and market statistics are estimates and subject to change. This blog is for informational purposes only and should not be considered financial, legal, or investment advice. Always do your own research and consult with qualified professionals before making real estate decisions.