The median list price for Encino, CA is $3,362,500, with the Market Action Index (MAI) holding at 30, reflecting a slight seller’s advantage. Inventory is steady at 166 homes, keeping the market in balance—though we’re still teetering on the edge of a buyer’s market.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
Sales are starting to outpace new listings. If this tightening trend continues, Encino could shift more firmly into a seller’s market, which would likely drive prices up.
Market Narrative
Encino's market is showing early signs of tightening. While prices haven’t surged yet, home sales are beginning to exceed new inventory, gradually absorbing excess supply. Watch the MAI closely—if it continues to rise, upward pressure on pricing could follow.
Real-Time Market Profile
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Median List Price: $3,362,500
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Median Price of New Listings: $2,997,499
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Price per Square Foot: $832
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Average Days on Market: 123
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Median Days on Market: 84
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Price Decreased: 33% of listings
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Price Increased: 1% of listings
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Relisted Properties: 22%
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Inventory: 166 properties
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Median Rent: $8,925/month
Market Segments
Encino’s listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,749,950 | 8,040 | 0.5 - 1 acre | 6 | 7.5 | 7 | 1 | 1 | 119 |
| $3,999,000 | 5,054 | 0.25 - 0.5 acre | 6 | 5.5 | 51 | 2 | 4 | 84 |
| $2,662,000 | 3,360 | 0.25 - 0.5 acre | 4 | 3.5 | 61 | 2 | 1 | 87 |
| $1,480,000 | 1,906 | 4,500 - 6,500 sqft | 3 | 2.5 | 75 | 3 | 2 | 63 |
Conclusion
Encino remains in a slight seller’s market, but trends suggest we may be approaching a tipping point. If inventory keeps tightening, sellers may soon regain pricing leverage. Now is a smart time for buyers to act before the market tilts further.
Contact Information
For expert advice and exclusive property opportunities in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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