Nicole Costas' Market Report

Sherman Oaks, CA

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole.costas@compass.com



Sherman Oaks, CA

Sat Jul 05 2025
This week the median list price for Sherman Oaks, CA is $2,499,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 159. 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 Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Sherman Oaks, CA

Sat Jul 05 2025
This week the median list price for Sherman Oaks, CA is $2,499,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 159. 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 Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Sherman Oaks market.
Median List Price $2,499,000
Median Price of New Listings $2,512,500
Per Square Foot $850
Average Days on Market 84
Median Days on Market 56
Price Decreased 33%
Price Increased 1%
Relisted 28%
Inventory 159
Median Rent
Market Action 31
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,999,999 4,662 0.25 - 0.5 acre 5 5.5 18 1 0 70
$2,995,000 3,574 0.25 - 0.5 acre 4 4 49 3 3 77
$2,299,500 2,764 6,500 - 8,000 sqft 4 3.5 68 2 5 52
$1,599,000 1,900 6,500 - 8,000 sqft 3 2.5 74 2 4 35