Pango Group

Tarzana, CA 91356

Single-Family Homes

www.pangogroup.com



Tarzana, CA 91356

Sun Mar 03 2024
This week the median list price for Tarzana, CA 91356 is $2,839,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 37. Click here to stay informed with the Tarzana market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Tarzana, CA 91356

Sun Mar 03 2024
This week the median list price for Tarzana, CA 91356 is $2,839,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 37. Click here to stay informed with the Tarzana market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tarzana market.
Median List Price $2,839,900
Median Price of New Listings $2,998,000
Per Square Foot $768
Average Days on Market 94
Median Days on Market 70
Price Decreased 30%
Price Increased 5%
Relisted 11%
Inventory 37
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,199,000 6,500 0.5 - 1 acre 6 6.5 29 2 1 70
$2,998,000 5,022 0.5 - 1 acre 5 4 36 3 0 119
$2,450,000 3,236 0.25 - 0.5 acre 4 3 60 0 1 84
$1,949,975 2,608 0.5 - 1 acre 4 3 61 2 3 24