$5,047 Closing Credit*
$425,000
830 SqFt
2 Beds
•1 Full Bath
Todd Riccio, Listing Office: Pinnacle Estate Properties, Inc.
Is Tarzana, 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, Tarzana has remained a Seller's Market.
Key Takeaway
Tarzana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tarzana, CA
How much do homes in Tarzana, CA cost?
Median Sold Price
$1,101,666
$591/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$64,666(+6.2%)
Key Takeaway
Homes in Tarzana have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Tarzana was $1,101,666 in December 2024, up 6.2% from last year, and the median price per square foot was $591.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $369K | +6.0% |
| 2 Bedrooms | $543K | $610K | +12.3% |
| 3 Bedrooms | $836.5K | $964K | +15.2% |
| 4 Bedrooms | $1.4M | $1.6M | +13.2% |
| 5+ Bedrooms | $2.6M | $2.3M | -12.5% |
Summary: Tarzana housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Tarzana | $1.0M | $1.1M | +6.2% |
| Encino | $1.5M | $1.4M | -4.6% |
Housing Supply in Tarzana, CA
How many homes are available in Tarzana, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 143 | 133 | -7.0% |
Summary: The Tarzana real estate market had 133 homes for sale in December 2024, a 7.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 37 | 37 | 0.0% |
Summary: The Tarzana housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarzana, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Tarzana in December 2024, up by 13.3% month-over-month. Of the 34 sold homes, 47% were sold under asking, 9% were sold at asking, and 44% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 35 Days | -13.3% |
Summary: Homes in Tarzana had an average of 35 days on market in Dec 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tarzana are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 34 homes were sold in Tarzana; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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.