This Week’s Market Overview
The median list price for Tarzana, CA is $2,800,000, with the Market Action Index (MAI) at 31, reflecting a slight seller’s advantage. Inventory has remained stable at 79 properties, suggesting a plateau in current market conditions.
Market Action Index
The Market Action Index compares the rate of sales versus current inventory:
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Current MAI: 31 (Slight Seller’s Advantage)
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Last Month’s MAI: 31
The index suggests a relatively balanced market still favoring sellers. Continued demand could push prices upward if inventory doesn’t grow.
Market Narrative
Although the Market Action Index has held steady, prices have not significantly moved in recent weeks. If the current sales pace persists or increases, upward pricing pressure may resume. Conversely, if demand softens, the market could begin to favor buyers more strongly.
Real-Time Market Profile
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Median List Price: $2,800,000
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Median Price of New Listings: $2,184,000
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Price per Square Foot: $750
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Average Days on Market: 103
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Median Days on Market: 63
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Price Decreased: 25% of listings
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Price Increased: 1% of listings
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Relisted Properties: 15%
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Inventory: 79 homes
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Median Rent: $8,490/month
Market Segments
Tarzana’s housing inventory is broken into four segments, each representing roughly 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,495,000 | 6,682 | 0.5 - 1 acre | 6 | 7 | 18 | 0 | 0 | 63 |
| $3,128,500 | 4,546 | 0.25 - 0.5 acre | 5 | 4.8 | 56 | 3 | 1 | 80 |
| $2,395,000 | 3,297 | 0.25 - 0.5 acre | 4 | 3.5 | 61 | 1 | 0 | 59 |
| $1,699,000 | 2,481 | 0.25 - 0.5 acre | 4 | 2.5 | 70 | 4 | 2 | 42 |
Conclusion
Tarzana remains a stable seller’s market. Although prices are relatively flat, sustained demand and low inventory suggest a possibility of future price increases. Keep an eye on the Market Action Index for signals of a shift.
Contact Information
For expert guidance and access to exclusive listings in Tarzana, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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