Gina Covello's Market Report
Sherman Oaks, CA
Single-Family Homes
310-251-8280 | gina@GinaCovello.com | DRE #01323543 | Equity Union
Sherman Oaks, CA
Wed Jun 03 2026
This week the median list price for Sherman Oaks, CA is $2,425,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 130.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $2,425,000 | |
| Median Price of New Listings | $1,995,000 | |
| Per Square Foot | $851 | |
| Average Days on Market | 104 | |
| Median Days on Market | 60 | |
| Price Decreased | 26% | |
| Price Increased | 1% | |
| Relisted | 19% | |
| Inventory | 130 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,499,000 | 5,000 | 0.25 - 0.5 acre | 5 | 5.5 | 3 | 0 | 1 | 63 |
| $3,173,000 | 3,650 | 0.25 - 0.5 acre | 4 | 4 | 63 | 1 | 4 | 87 |
| $2,175,000 | 2,634 | 8,000 - 10,000 sqft | 4 | 3 | 68 | 3 | 1 | 56 |
| $1,539,000 | 1,819 | 6,500 - 8,000 sqft | 3 | 2 | 77 | 3 | 4 | 52 |