As of July 2026, the median list price for a home in Thousand Oaks, California is $1.03 million, according to Movoto. Zillow's Home Value Index puts the typical home value at $1,052,875, up just 0.5% over the past year. That's a market that's leveled off, not one that's booming or crashing.

Price per square foot sits around $547, which Movoto reports has held steady over the past year. Translation: the wild price jumps of a few years back have settled into something a lot more predictable.

They're basically flat. Zillow shows home values up half a percent year-over-year. Movoto shows the median list price down slightly from last month, and down about 9% from July 2025.

Here's the truth: those two numbers aren't contradicting each other. Zillow tracks estimated home values. Movoto tracks list prices, which move around more based on what's actively on the market that month. Put them together and you get a market that's cooled from its peak but isn't dropping off a cliff.

Homes in Thousand Oaks, California are spending a median of 40 days on the market as of July 2026, per Movoto, which is about the same as last year. Zillow's more recent read from late June has homes going to pending in around 17 days, which reflects the fastest-moving, well-priced listings.

The gap between those two numbers tells you something important: a well-priced, well-prepared home in Thousand Oaks still moves fast. An overpriced one sits.

Right now, it's balanced, leaning slightly toward buyers compared to the frenzy of a few years ago. Prices have flattened. Days on market have crept up slightly year over year in some data sets. Buyers have more room to negotiate, ask for repairs, or take their time.

That doesn't mean it's a buyer's free-for-all. It means the days of skipping inspections and bidding $100K over asking just to compete are mostly behind us here in the Conejo Valley.

Here's what actually matters right now:

• Price it right the first time. Overpricing in a flat market gets you a stale listing, and stale listings sell for less, not more.
• Prep still pays off. Buyers have options now. A home that shows well wins.
• Know your neighborhood. Pricing varies a lot block to block in Thousand Oaks, from established family neighborhoods to hillside view communities.

If you're thinking about listing, don't guess.

Is now a good time to buy in Thousand Oaks? For most buyers, yes, and here's why: you've got more negotiating power than buyers had in 2021 through 2023, prices have leveled off instead of climbing every month, and well-priced homes are still moving in around 17 days, so you'll want to be ready to act when the right one shows up.

The truth is, waiting for prices to crash isn't a strategy. This market is stabilizing, not collapsing. If you find the right home at the right price, today's flat market is a solid time to make a move.