The median list price for Tarzana, CA is $2,798,500, with the Market Action Index (MAI) at 31, reflecting a slight seller’s advantage. Inventory has increased to 70 homes, indicating a cooling market. Stay informed on Tarzana real estate trends!
Market Action Index
The Market Action Index (MAI) gauges market conditions based on sales versus inventory:
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Current MAI: 31 (Slight Seller’s Advantage)
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Last Month’s MAI: 34
The market is cooling slightly, with a decrease in MAI. Sellers still hold an advantage due to limited inventory, but if the MAI continues to drop, the market may shift toward buyers.
Market Narrative
Tarzana’s market has shown signs of cooling over time, with prices flattening. Despite the decrease in MAI, the market remains a seller’s environment, driven by relatively low inventory. If the MAI climbs again, expect price increases. If it continues to fall, buyers could gain more negotiating power.
Real-Time Market Profile
Here’s a breakdown of key market statistics:
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Median List Price: $2,798,500
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Median Price of New Listings: $2,132,000
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Price per Square Foot: $765
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Average Days on Market: 93
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Median Days on Market: 63
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Price Decreased: 40% of listings
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Price Increased: 7% of listings
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Relisted Properties: 23%
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Inventory: 70 properties
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Median Rent: $10,700 per month
Market Segments
Tarzana’s market is divided into four pricing segments, each representing 25% of listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Baths | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,895,000 | 6,399 | 0.5 - 1 acre | 6 | 7 | 29 | 1 | 1 | 56 |
| $3,275,000 | 4,066 | 0.25 - 0.5 acre | 5 | 5 | 49 | 1 | 0 | 77 |
| $2,487,000 | 3,383 | 0.25 - 0.5 acre | 4 | 3.5 | 58 | 2 | 1 | 63 |
| $1,761,500 | 2,296 | 8,000 - 10,000 sqft | 3 | 3 | 72 | 4 | 1 | 35 |
Conclusion
Tarzana is currently experiencing a cooling market, but it remains a seller’s market for now. Keep an eye on the Market Action Index—if demand picks up, prices could rise again. If the MAI continues to drop, the market may shift toward buyers.
Contact Information
For expert insights and exclusive real estate opportunities in Tarzana, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with the latest Tarzana real estate updates!
