This Week’s Market Overview
The median list price for Encino, CA 91316 is $1,389,000, reflecting stable pricing as the market heads into the winter season. Inventory currently stands at approximately 178 active homes, maintaining a slight seller’s advantage with steady buyer activity for renovated and well-located properties.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 36 (Slight Seller’s Advantage)
- Last Month’s MAI: 35
The small increase in MAI shows that demand is holding firm despite seasonal slowing. Turnkey homes under $1.6M continue to attract the highest level of attention.
Market Narrative
The 91316 market remains stable and well-balanced. Median sale prices are hovering near $1.14 million, slightly up year-over-year, supported by consistent buyer demand and limited new construction. Homes are spending a bit more time on the market than earlier in the year, averaging around 60–75 days, yet well-presented homes in desirable pockets near Lake Encino and west of Balboa continue to sell quickly. Buyers are more selective, but elevated interest remains for updated interiors and larger lots.
Real-Time Market Profile
- Median List Price: $1,389,000
- Median Price of New Listings: $1,325,000
- Price per Square Foot: $712
- Average Days on Market: 78
- Median Days on Market: 63
- Price Decreased: 28% of listings
- Price Increased: 3% of listings
- Relisted Properties: 12%
- Inventory: 178 properties
- Median Rent: $3,375 / month
Market Segments
Encino 91316 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,465,000 | 4,150 | 10,000 – 15,000 sqft | 5 | 5 | 15–25 yrs | 1 | 1 | 74 |
| $1,745,000 | 2,950 | 7,500 – 10,000 sqft | 4 | 3 | 25–35 yrs | 1 | 1 | 64 |
| $1,185,000 | 2,100 | 5,000 – 8,000 sqft | 3 | 2 | 35–50 yrs | 1 | 1 | 57 |
| $779,000 | 1,320 | Condo / Small Lot | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 50 |
Conclusion
Encino 91316 remains a steady and attractive market for both buyers and sellers. Pricing is holding firm, and although days on market have increased slightly, demand for well-located and updated homes continues to support stable values. Sellers who price competitively and highlight upgrades are still achieving strong results, while buyers benefit from a wider selection compared to earlier in the year.
Contact Information
For expert insights and exclusive property opportunities in Encino 91316, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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