This Week’s Market Overview
The median list price for Tarzana, CA is $2,799,000, with the Market Action Index (MAI) at 30, signaling a slight seller’s advantage. Inventory remains steady at 73 active listings, suggesting a balanced yet competitive environment for both buyers and sellers. Stay informed with the latest Tarzana housing trends!
Market Action Index
The Market Action Index answers “How’s the Market?” by comparing rate of sales versus inventory:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
The market is maintaining its current pace, with no major shifts in momentum. Inventory and demand remain stable, but this equilibrium could be disrupted by changes in either direction.
Market Narrative
While Tarzana remains in seller territory, market activity has shown signs of stabilizing. Pricing has leveled off and inventory is holding steady. If demand begins to outpace supply, prices could rise. Conversely, if inventory grows or demand declines, buyers may gain negotiation power.
Keep an eye on MAI for early signals of a market shift.
Real-Time Market Profile
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Median List Price: $2,799,000
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Median Price of New Listings: $2,499,000
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Price per Square Foot: $765
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Average Days on Market: 103
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Median Days on Market: 63
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Price Decreased: 44% of listings
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Price Increased: 1% of listings
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Relisted Properties: 23%
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Inventory: 73 properties
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Median Rent: $10,995/month
Market Segments
Tarzana’s housing market is segmented into four price tiers, each representing roughly 25% of listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,795,000 | 6,260 | 0.5 - 1 acre | 6 | 6.8 | 37 | 2 | 1 | 66 |
| $3,128,500 | 3,994 | 0.25 - 0.5 acre | 5 | 4.5 | 54 | 2 | 0 | 101 |
| $2,399,500 | 3,285 | 0.25 - 0.5 acre | 4 | 3.3 | 65 | 2 | 1 | 35 |
| $1,700,000 | 2,481 | 6,500 - 8,000 sqft | 4 | 3 | 71 | 3 | 3 | 63 |
Conclusion
Tarzana’s market currently offers a slight advantage to sellers, but price movements remain subdued. If you’re considering listing, now is a good time to assess competition. Buyers still have some leverage with nearly half of listings seeing price reductions.
Contact Information
For local expertise and access to exclusive listings in Tarzana, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed and competitive in the Tarzana real estate market!
