This Week's Market Overview
The latest available ZIP-level data shows a median listing price of $999,000 in Encino 91316, with 198 active listings. Homes are spending a median of 57 days on the market, giving buyers a wider range of choices across single-family homes, condominiums, and townhomes.
Market Conditions
The latest data classifies 91316 as a buyer's market. Homes sold for an average of 1.61% below asking, with a 98% sale-to-list ratio. Median listing prices are down 14.92% year over year, creating opportunities for buyers while increasing the importance of accurate pricing for sellers.
Market Narrative
Encino 91316 offers one of the Valley's broadest mixes of housing, from condominiums and townhomes to larger single-family properties. Because that mix affects ZIP-wide medians, individual property values vary considerably by location, condition, lot size, and property type.
Updated homes in established residential pockets continue to attract attention, but buyers are negotiating more carefully and comparing available options. Sellers who price in line with recent comparable sales and present their homes well are best positioned to stand out.
Real-Time Market Profile
- Median List Price: $999,000
- Median Sold Price: $790,000
- Price per Sq Ft: $599
- Median Days on Market: 57
- Active Listings: 198
- Sale-to-List Ratio: 98%
- Average Sold Below Asking: 1.61%
- Median Rent: $3,311/month
Conclusion
Encino 91316 currently provides buyers with increased selection and negotiating leverage. Sellers can still achieve strong results, but realistic pricing, thoughtful preparation, and a clear understanding of the property's specific segment are essential.
Contact Information
Andrew: (818) 370-6121
Fran: (818) 517-1411
Market figures reflect the latest available ZIP-level data reported for June 2026.
