This Week's Market Overview
The median list price for Tarzana, CA 91356 is $2,149,000, reflecting steady demand for larger homes and estate properties in this well-established San Fernando Valley neighborhood. Inventory currently sits at approximately 148 active homes, maintaining a slight seller’s advantage.
Market Action Index
Current MAI: 34 (Slight Seller’s Advantage) | Last Month’s MAI: 34
The MAI holding steady month-over-month signals consistent buyer demand. Well-priced homes—particularly those south of Ventura Boulevard and in hillside pockets—continue to generate the strongest interest.
Market Narrative
The 91356 market remains stable as spring inventory continues to circulate. Median sale prices are holding near the mid-$1.6 million range, while buyers are taking a more measured approach, pushing average marketing times into the 70 to 85 day range.
Homes with updated interiors, larger lots, and strong indoor-outdoor flow continue to perform best. Properties requiring renovation or priced above comparable sales are experiencing longer time 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 steady and desirable submarket with consistent demand. Buyers have more time to evaluate inventory, while well-presented and properly priced homes continue to achieve solid results.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
