4 Clear Signs Your Home May Be Overpriced in The Conejo Valley: How to Course Correct

Is your house priced too high for the current market?

Every seller wants to get their house sold quickly, for the highest price possible, with minimal headaches. And chances are, you’re no different. With inventory still low but slowly climbing in areas like The Conejo Valley—including Westlake Village and Thousand Oaks—home prices have increased, making it more crucial than ever to price your property accurately.

One of the most significant factors that could jeopardize your success is your asking price. Pricing your house correctly is one of the most crucial steps in the selling process, especially in a market where prices are shifting. So, how can you tell if you’re missing the mark? Here are four signs your high asking price might be turning potential buyers away—and why leaning on your real estate agent is the best way to course correct.

1. You’re Not Getting Many Showings or Offers

One of the clearest signs your house may be overpriced is a lack of showings. If it's been on the market for several weeks with minimal interest—or worse, no offers—it could be a sign the price isn’t aligning with buyers' expectations. Buyers who have been searching for a while can easily spot (and avoid) homes that are overpriced.

Your real estate agent will coach you through this. Lean on their expertise to adjust your price and attract more buyers, especially in today’s market where inventory is growing, and homes are more competitive.

2. Buyers Provide Consistent Negative Feedback

If the buyers who do show up leave negative feedback, especially about the price, it’s time to reevaluate. Feedback from showings is critical to understanding how your house is perceived. If buyers consistently say it's overpriced compared to similar homes, it's a red flag.

Your agent can gather and analyze this feedback, helping you make informed decisions about pricing or staging changes. They can also advise on how your home compares to others and what adjustments might bring it in line with buyer expectations.

3. Your Home Has Been on the Market Too Long

In today’s market, homes in The Conejo Valley are still selling relatively quickly, despite low inventory. If your home has been sitting without serious offers, it’s likely becoming “stale” on the market. The longer it lingers, the more buyers may think something is wrong with it.

Your agent can provide insight into how quickly homes in Westlake Village and Thousand Oaks are selling, helping you decide if a price adjustment is necessary. As local market trends shift, staying proactive is key to keeping your home competitive.

4. Neighboring Homes Sold Faster

If similar homes in your neighborhood are selling while yours isn’t, that’s a clear indication something needs to change. It could be due to a lack of upgrades, outdated features, or a less appealing location—or it might simply be overpriced.

Pricing your home correctly is both an art and a science, especially in dynamic markets like Westlake Village and Thousand Oaks. If your home isn’t drawing in buyers, your real estate agent is your best resource to help make the necessary adjustments and get your home sold quickly, for top dollar, and with fewer headaches.

As your agent we will help you stay up to date on local competition, advising on strategic upgrades or adjustments to make your home more appealing in a climbing-price market like The Conejo Valley.