Pango Group

Tarzana, CA 91356

Single-Family Homes

www.pangogroup.com



Tarzana, CA 91356

Sun Oct 06 2024
This week the median list price for Tarzana, CA 91356 is $2,695,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 66. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Tarzana, CA 91356

Sun Oct 06 2024
This week the median list price for Tarzana, CA 91356 is $2,695,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 66. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Tarzana market.
Median List Price $2,695,000
Median Price of New Listings $2,600,000
Per Square Foot $761
Average Days on Market 74
Median Days on Market 63
Price Decreased 45%
Price Increased 5%
Relisted 27%
Inventory 66
Median Rent
Market Action 37
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,997,475 5,677 0.25 - 0.5 acre 5 6.5 15 3 1 73
$2,999,997 3,709 0.25 - 0.5 acre 4 4.3 51 1 0 59
$2,295,000 3,002 0.25 - 0.5 acre 4 3 56 3 2 70
$1,359,000 1,776 6,500 - 8,000 sqft 4 2 71 2 0 42