This Week’s Market Overview
The median list price for Tarzana, CA is $2,799,999, with the Market Action Index (MAI) steady at 30, indicating a slight seller’s advantage. Inventory has ticked up slightly to 78 homes, signaling a more neutral pace but still leaning toward sellers.
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
The market continues to level off, with prices and activity largely unchanged. The rise in inventory may ease some competitive pressure, but not enough to shift the market toward buyers—yet.
Market Narrative
Tarzana’s housing market is treading water with relatively flat pricing and stable inventory. Buyers are starting to regain some leverage, but the market remains seller-friendly. Keep an eye on the MAI for any signs of a shift. A sustained drop below 30 could tip the market into more favorable territory for buyers.
Real-Time Market Profile
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Median List Price: $2,799,999
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Median Price of New Listings: $1,775,000
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Price per Square Foot: $727
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Average Days on Market: 103
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Median Days on Market: 70
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Price Decreased: 31% of listings
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Price Increased: 1% of listings
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Relisted Properties: 21%
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Inventory: 78 properties
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Median Rent: $7,213/month
Market Segments
Tarzana’s listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,497,000 | 6,706 | 0.5 - 1 acre | 6 | 7 | 18 | 0 | 1 | 70 |
| $3,157,000 | 4,518 | 0.25 - 0.5 acre | 5 | 5 | 48 | 0 | 1 | 112 |
| $2,497,000 | 3,297 | 0.25 - 0.5 acre | 4 | 4 | 64 | 1 | 2 | 59 |
| $1,699,000 | 2,574 | 0.25 - 0.5 acre | 4 | 3 | 66 | 3 | 4 | 35 |
Conclusion
Tarzana remains in a slight seller’s market, but rising inventory could signal a softening in seller dominance. Buyers may want to stay alert for opportunities while conditions remain balanced. If listings continue to rise, leverage could start to shift.
Contact Information
For expert advice and exclusive property opportunities in Tarzana, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay tuned for weekly Tarzana real estate updates.
