New Construction Homes in the Conejo Valley and Simi Valley: What's Being Built in 2026

The Conejo Valley and Simi Valley have a meaningful amount of new residential construction in the pipeline for 2026, with projects across Thousand Oaks, Westlake Village, Agoura Hills, and Simi Valley, featuring 22 new homes currently for sale in Simi Valley at a median listing price of $800K. This guide covers the active projects, current pricing and what the numbers mean if you are weighing a new build in either area.

What New Construction is Currently Available in the Conejo Valley and Simi Valley?

As of early 2026, Simi Valley had 22 listings matching new construction at a median list price of $800K, which makes it one of the more active new construction markets in the region. Most of it is higher end single family and custom product. That includes a 13 home custom development with 7 homes in Phase 2, offered in Modern Farmhouse or Spanish Revival elevations. Ground up construction completed in 2025 is built to current California building and energy codes, with new plumbing, electrical, HVAC, roof, insulation and windows. Wood Ranch in Simi Valley shows strong market activity with a median sale price of $1,060,000, up 23.6% year-over-year as of February 2026 . This prestigious community continues to attract buyers seeking luxury amenities and top-rated schools.

On the Thousand Oaks side, established neighborhoods like Casa Conejo (median list price around $858K) had no new construction listings at all in early 2026. That scarcity is part of what pushes buyers who want a new build toward Simi Valley and the planned projects in Agoura Hills.

What Major New Developments Are Planned in the Conejo Valley for 2026?

On the commercial side, the biggest headline is the Conejo Valley Plaza's $45M sale and planned modernization. A refreshed center tends to help the surrounding neighborhoods, though it is retail, not housing, and any effect on home values is indirect. In Agoura Hills, two residential projects are moving through the process. West Village is a proposed development with 238 apartments, a 4 story parking structure and 9,000 square feet of retail and restaurant space. The Regency would bring 278 apartments and 5,000 square feet of retail and restaurant space to the former movie theater site. The Annenberg Wildlife Crossing in Agoura Hills is a different kind of project: a natively landscaped overpass that lets wildlife cross the 101 freeway safely. It is not residential and I would not count on it moving home values, but it is a point of local pride and a nice thing to live near. At the higher end, Warmington's 66 gated homes at the Gateway Church site in Agoura Hills are still in planning, aimed at the premium segment that makes up much of the Conejo Valley's new construction.

What is the Median Home Price in Thousand Oaks in 2026?

The median sale price of a home in Thousand Oaks was about $1.0M in early 2026, down 16.3% from a year earlier, while Zillow's typical home value estimate was $994,477, down 1.1%. The gap between those two numbers matters. Median sale price moves with which homes happen to sell in a given month, so the 16.3% figure overstates what any individual home has lost. Softer pricing still helps buyers weighing a new build, just not by that much. Another read on the same market: homes sold for a median of $992,000 in February 2026, taking about 38 days to sell versus 37 a year earlier. Median price per square foot was $539, down 2.3% year over year. Schools are a big part of what holds values here. Conejo Valley Unified carries a 9/10 testing ranking, with math proficiency averaging 54% against a California average of 34%, and ranks #213 of 1,908 districts statewide, which puts it in the top 20%. Homes inside the stronger attendance boundaries usually sell at a premium, new construction included.

How Does the Conejo Valley New Construction Market Compare to Previous Years?

Thousand Oaks rates as somewhat competitive at 60 out of 100, with homes selling in about 54 days by that measure. That is a different data set than the 38 days cited above, which is why the figures do not match, but both point the same direction: a calmer market than 2021 to 2022, and a friendlier one for buyers. In Simi Valley, homes typically sat for 72 days and drew about 2 offers, with 54 homes sold in the most recent month of data. That adds up to a good time to buy for some people and not for others, depending on your situation and on where interest rates sit in 2026; I walk through the numbers in is now a good time to buy a home in the Conejo Valley. In the Simi Valley new construction, 3 to 4 bedroom homes under 3,000 square feet have been priced from the upper $600Ks to the upper $700Ks, with 5 bedroom plans starting in the lower $800Ks. Numbers vary by neighborhood and by source. Wood Ranch, for example, shows a median around $987,000 and an average sale price of $1,033,465 in one data set, against the $1,060,000 median cited above from another; townhouses there took about 49 days to sell. Amenities matter too. Wildwood Regional Park's Paradise Falls, a 40 foot waterfall, is reachable on wide, well marked trails, and the park sits a few minutes from most of the Conejo Valley's newer neighborhoods. The restaurant scene has grown up as well, with newer spots bringing Italian, Brazilian and other influences to what used to be a quiet suburban lineup. Mastro's Thousand Oaks, a 2025 OpenTable Diners' Choice winner, remains the standby for a big night out.

How does the current market favor new construction buyers?

Buyers have more room than they did a few years ago. Thousand Oaks median sale prices are down year over year (though the 16.3% headline overstates it, as noted above), and homes are taking 54 to 72 days to sell across the two valleys rather than going in a weekend. If you need to sell to make the move, the Conejo Valley spring 2026 market update covers the timing side. New construction also comes with current code compliance, all new systems and no deferred maintenance, which is a real advantage over resale if you would rather not spend your first few years on repairs.