$9,500,000
7 Beds
•8 Full Baths
Dustin Nicholas, Listing Office: Nicholas Property Group
Is Encino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Encino has remained a Seller's Market.
Key Takeaway
Encino is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Encino, CA
How much do homes in Encino, CA cost?
Median Sold Price
$1,450,000
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$70,250(-4.6%)
Key Takeaway
Homes in Encino have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Encino was $1,450,000 in December 2024, down 4.6% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $350K | +18.6% |
| 2 Bedrooms | $640K | $650K | +1.6% |
| 3 Bedrooms | $1.3M | $1.2M | -5.3% |
| 4 Bedrooms | $2.1M | $2.1M | 0.0% |
| 5+ Bedrooms | $3.4M | $3.4M | -0.3% |
Summary: Encino housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in Encino, CA
How many homes are available in Encino, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 224 | 220 | -1.8% |
Summary: The Encino real estate market had 220 homes for sale in December 2024, a 1.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 13 | -23.5% |
| 2 Bedrooms | 57 | 56 | -1.8% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 42 | 41 | -2.4% |
| 5+ Bedrooms | 72 | 79 | +9.7% |
Summary: The Encino housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 36 | 48 | +33.3% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Encino, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Encino in December 2024, up by 33.3% month-over-month. Of the 48 sold homes, 58% were sold under asking, 10% were sold at asking, and 31% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 40 Days | 40 Days | -0.5% |
Summary: Homes in Encino had an average of 40 days on market in Dec 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Encino are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 48 homes were sold in Encino; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.