This Week’s Market Overview
The median list price for Tarzana, CA 91356 is $1,595,000, with homes trending in a slight seller’s market. Inventory is currently about 122 homes, providing buyers with choices but keeping leverage on the seller’s side.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 41 (Slight Seller’s Advantage)
- Last Month’s MAI: 43
Although the MAI has edged down slightly, the 91356 market remains in seller territory. If buyer activity softens further, conditions could tilt closer to balance.
Market Narrative
Market activity in 91356 shows signs of cooling compared to earlier this year. Median sale prices remain elevated, but homes are taking longer to close and the volume of transactions has slowed. If these trends persist, sellers may need to adjust expectations and pricing strategies. Buyers, meanwhile, could find more room to negotiate in the coming months.
Real-Time Market Profile
- Median List Price: $1,595,000
- Median Price of New Listings: $1,449,000
- Price per Square Foot: $640
- Average Days on Market: 86
- Median Days on Market: 61
- Price Decreased: 34% of listings
- Price Increased: 3% of listings
- Relisted Properties: 12%
- Inventory: 122 properties
- Median Rent: $4,890 / month
Market Segments
Tarzana 91356 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,475,000 | 4,900 | 15,000 – 20,000 sqft | 6 | 6 | 10–20 | 0 | 1 | 78 |
| $2,150,000 | 3,600 | 10,000 – 15,000 sqft | 5 | 5 | 20–30 | 0 | 1 | 52 |
| $1,375,000 | 2,500 | 6,500 – 8,500 sqft | 4 | 3 | 40–50 | 0 | 1 | 63 |
| $849,000 | 1,450 | 0 – 4,500 sqft (Condo/Townhome) | 2 | 2 | 35–45 | 0 | 1 | 47 |
Conclusion
Tarzana 91356 remains in a slight seller’s market, but cooling signs are visible. Longer market times and more price reductions suggest buyers may soon gain leverage. Sellers should price strategically and be ready to adjust, while buyers can benefit from increased inventory and longer negotiation windows.
Contact Information
For expert insights and exclusive property opportunities in Tarzana 91356, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the curve with weekly Tarzana market updates.
