Is Tarzana, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tarzana has remained a Seller's Market.
Housing Prices in Tarzana, CA
How much do homes in Tarzana, CA cost?
Median Sold Price
$1,000,360
$549/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tarzana was $1,000,360 in March 2024, the same as last year, and the median price per square foot was $549.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | $348K | -0.3% |
2 Bedrooms | $512.5K | $549K | +7.1% |
3 Bedrooms | $850K | $875K | +2.9% |
4 Bedrooms | $1.4M | $1.6M | +13.4% |
5+ Bedrooms | $2.7M | $2.5M | -6.6% |
Summary: Tarzana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
Encino | $1.4M | $1.5M | +4.3% |
Tarzana | $1.0M | $1.0M | 0.0% |
Housing Supply in Tarzana, CA
How many homes are available in Tarzana, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 129 | +20.6% |
Summary: The Tarzana real estate market had 129 homes for sale in March 2024, a 20.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 29 | 38 | +31.0% |
5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The Tarzana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Tarzana in March 2024, up by 20.0% month-over-month. Of the 24 sold homes, 42% were sold under asking, 13% were sold at asking, and 46% were sold over asking.
Days on Market for Tarzana, CA
How long does it take to sell a home in Tarzana, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 33 Days | +16.7% |
Summary: Homes in Tarzana had an average of 33 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Tarzana; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.