Is Encino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Encino was a Seller's Market.
Housing Prices in Encino, CA
How much do homes in Encino, CA cost?
Median Sold Price
$1,506,250
$667/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Encino was $1,506,250 in March 2024, up 4.3% from last year, and the median price per square foot was $667.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $287.5K | -21.2% |
2 Bedrooms | $594K | $640K | +7.7% |
3 Bedrooms | $1.2M | $1.3M | +6.4% |
4 Bedrooms | $2.1M | $2.1M | -1.1% |
5+ Bedrooms | $3.8M | $3.3M | -13.0% |
Summary: Encino housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 13%.
Housing Supply in Encino, CA
How many homes are available in Encino, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 216 | +24.1% |
Summary: The Encino real estate market had 216 homes for sale in March 2024, a 24.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 37 | 40 | +8.1% |
3 Bedrooms | 24 | 38 | +58.3% |
4 Bedrooms | 36 | 40 | +11.1% |
5+ Bedrooms | 68 | 88 | +29.4% |
Summary: The Encino housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Encino in March 2024, the same as the previous month. Of the 32 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% were sold over asking.
Days on Market for Encino, CA
How long does it take to sell a home in Encino, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 24 Days | -27.5% |
Summary: Homes in Encino had an average of 24 days on market in Mar 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Encino; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.