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Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Fri Mar 29 2024
This week the median list price for Sherman Oaks, CA is $2,949,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 80. Click here to stay informed with the Sherman Oaks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Sherman Oaks, CA

Fri Mar 29 2024
This week the median list price for Sherman Oaks, CA is $2,949,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 80. Click here to stay informed with the Sherman Oaks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sherman Oaks market.
Median List Price $2,949,500
Median Price of New Listings $2,422,500
Per Square Foot $881
Average Days on Market 81
Median Days on Market 49
Price Decreased 35%
Price Increased 5%
Relisted 20%
Inventory 80
Median Rent
Market Action 37
Slight Seller's Advantage

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,599,500 5,292 0.25 - 0.5 acre 5 6 15 3 0 52
$3,297,000 3,872 8,000 - 10,000 sqft 4 4.5 34 2 1 56
$2,467,000 2,930 8,000 - 10,000 sqft 4 4 66 2 2 42
$1,499,999 1,967 6,500 - 8,000 sqft 3 2 74 5 4 28