Encino, CA Real Estate Market Analysis

Encino, CA Real Estate Market Analysis

Market Overview

As of Wednesday, August 7, 2024

Current Market Conditions

The real estate market in Encino, CA, is experiencing a balanced market condition, providing opportunities for both buyers and sellers.

Key Market Indicators:

  • Median List Price: $2,995,000
  • Median Price of New Listings: $2,497,000
  • Price per Square Foot: $842
  • Average Days on Market: 84
  • Median Days on Market: 49
  • Price Decreased: 44%
  • Price Increased: 2%
  • Relisted: 20%
  • Inventory: 133 homes
  • Median Rent: $12,250
  • Market Action Index: 35

The Market Action Index of 35 indicates a balanced market. This index suggests consistent market conditions, offering a fair environment for both buying and selling. The inventory of 133 homes shows a steady market, with a slight tilt towards balance.

Price Analysis by Home Type

Below are detailed statistics on different types of properties in Encino:

Median Price Sq. Ft. Lot Size Beds Baths Age New Absorbed DOM
$6,995,000 7,599 0.5 - 1 acre 6 7.5 7 1 1 98
$3,995,000 4,900 0.25 - 0.5 acre 5 6 33 4 3 70
$2,549,000 3,003 0.25 - 0.5 acre 4 3.5 65 7 5 42
$1,599,000 2,066 4,500 - 6,500 sq. ft. 3 3 75 6 3 31

Property Price Segmentation:

  • High-end properties in Encino reach a median price of $6,995,000, offering expansive living spaces of over 7,500 sq. ft. on substantial lot sizes.
  • Upper-mid range properties have a median price of $3,995,000, featuring large living areas and substantial amenities.
  • Mid-range properties typically have a median price of $2,549,000, offering generous living spaces and amenities.
  • Entry-level properties provide more modest living spaces with a median price of $1,599,000, suitable for smaller families or those looking to downsize.

Days on Market (DOM)

The average DOM for properties in Encino is 84 days, with a median of 49 days. This indicates a market where properties are selling at a moderate pace, giving buyers time to make decisions.

Rental Market

The rental market in Encino remains strong, with a median rent of $12,250. This reflects the high demand for rental properties in this desirable area.

Contact Information

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