Encino Homes for Sale

As of January 2025, Encino home prices have decreased by 13.9% compared to the previous year, with the median sale price dropping to $1.6M. Homes are taking longer to sell, spending an average of 66 days on the market, up from 50 days last year. However, sales activity has increased, with 127 homes sold this January, compared to 105 sales in the same period last year, indicating a more active market despite the price decline.

Encino’s real estate market is somewhat competitive, with homes typically selling in 61.5 days. While the average home sells for about 1% below the list price and goes pending in approximately 62 days, some properties receive multiple offers, especially in sought-after locations. Hot homes, in particular, can sell for about 1% above asking price and go pending in as little as 29 days, highlighting the demand for well-priced, move-in-ready properties.

As of January 2025, Encino, CA is experiencing a buyer’s market, meaning the supply of homes exceeds buyer demand. While home prices have declined and properties are spending more time on the market, some homes still attract multiple offers, particularly well-priced or move-in-ready properties. Buyers in Encino may have more negotiation power and greater inventory to choose from, making it an opportune time to find a home at a competitive price.