Current Market Conditions
The real estate market in Tarzana, CA, is experiencing a slight seller's advantage. Sellers may find the market favorable, though buyers still have opportunities. Here's an overview of the key market indicators:
Key Market Indicators:
- Median List Price: $2,372,500
- Median Price of New Listings: $1,399,000
- Price per Square Foot: $746
- Average Days on Market: 62 days
- Median Days on Market: 63 days
- Price Decreased: 50%
- Price Increased: 0%
- Relisted: 16%
- Inventory: 62 homes
- Median Rent: $7,250
- Market Action Index: 35 (Slight Seller's Advantage)
The Market Action Index of 35 indicates a slight advantage for sellers, but the market remains relatively balanced, offering opportunities for both parties.
Price Analysis by Home Type
Below are detailed statistics on different types of properties in Tarzana:
| Median Price | Sq. Ft. | Lot Size | Beds | Baths | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,499,999 | 5,480 | 0.25 - 0.5 acre | 5 | 6.5 | 29 | 0 | 0 | 70 |
| $2,795,000 | 3,611 | 0.25 - 0.5 acre | 4 | 4 | 63 | 0 | 2 | 63 |
| $1,969,500 | 2,742 | 0.25 - 0.5 acre | 4 | 3 | 59 | 1 | 3 | 52 |
| $1,387,000 | 1,915 | 6,500 - 8,000 sqft | 4 | 2.5 | 74 | 4 | 1 | 42 |
Property Price Segmentation:
- High-end properties in Tarzana have a median price of $3,499,999, offering large living spaces of over 5,000 sq. ft. on substantial lot sizes.
- Upper-mid range properties are priced at a median of $2,795,000, featuring spacious living areas and significant amenities.
- Mid-range properties typically have a median price of $1,969,500, offering a good balance of space and affordability.
- Entry-level properties provide more modest living spaces with a median price of $1,387,000, suitable for smaller families or those looking to downsize.
Days on Market (DOM)
The average DOM for properties in Tarzana is 62 days, with a median of 63 days. This suggests a market where homes are selling steadily, allowing for careful decision-making.
Rental Market
The rental market in Tarzana remains competitive, with a median rent of $7,250. This reflects the ongoing demand for rental properties in this well-regarded neighborhood.
Contact Information
For more information or to explore similar properties, please contact:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
