This Week's Market Overview
The median list price for Tarzana, CA 91356 is $2,149,000, reflecting continued demand for larger homes and estate properties in one of the San Fernando Valley’s most established luxury-adjacent neighborhoods. Inventory currently sits at approximately 148 active homes, maintaining a slight seller’s advantage as buyers continue to seek well-located and updated residences.
Market Action Index
Current MAI: 34 (Slight Seller’s Advantage) | Last Month’s MAI: 34
The MAI holding steady month-over-month indicates reliable buyer demand despite a more measured sales pace. Well-priced homes south of Ventura Boulevard and within Tarzana’s estate pockets continue to perform strongest.
Market Narrative
The 91356 market remains active heading into the spring season, with pricing holding firm and buyers showing steady interest in move-in-ready homes. Median sale prices have stabilized around the mid-$1.6 million range, while average marketing times have expanded modestly as buyers take more time to evaluate options.
Homes south of Ventura Boulevard and within the Tarzana hills continue to attract premium interest, particularly those offering larger lots, privacy, or recent renovations. Homes needing cosmetic updates or priced above comparable market value are seeing longer days on market and increased negotiation.
Real-Time Market Profile
Median List Price: $2,149,000
Median Price of New Listings: $1,995,000
Price per Sq Ft: $712
Average Days on Market: 78
Median Days on Market: 61
% Price Decreased: 29%
% Price Increased: 3%
Relisted Properties: 11%
Inventory: 148 properties
Median Rent: $5,850/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,000,000+ | 5,500+ | 0.3–0.75 acre | 5–7 | 5–7 | 5–25 yrs | 4 | 2 | 95 |
| $2,500,000–$4,000,000 | 3,800–5,500 | 10,000–18,000 sqft | 5–6 | 4–6 | 15–35 yrs | 8 | 6 | 80 |
| $1,500,000–$2,500,000 | 2,500–3,800 | 7,500–12,000 sqft | 4–5 | 3–4 | 25–50 yrs | 12 | 9 | 65 |
| Under $1,500,000 | 1,500–2,500 | 5,000–8,000 sqft | 3–4 | 2–3 | 35–70 yrs | 9 | 7 | 55 |
Conclusion
Tarzana 91356 remains a desirable and active submarket offering strong value relative to neighboring luxury areas. Buyers continue to seek larger homes and updated properties, while sellers who present and price strategically are achieving favorable outcomes.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
