Nicole Costas' Market Report

Sherman Oaks, CA

Single-Family Homes

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



Sherman Oaks, CA

Fri Jun 21 2024
This week the median list price for Sherman Oaks, CA is $2,745,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has decreased to 91. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Sherman Oaks, CA

Fri Jun 21 2024
This week the median list price for Sherman Oaks, CA is $2,745,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has decreased to 91. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Sherman Oaks market.
Median List Price $2,745,000
Median Price of New Listings $2,592,000
Per Square Foot $913
Average Days on Market 75
Median Days on Market 42
Price Decreased 40%
Price Increased 1%
Relisted 19%
Inventory 91
Median Rent
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$4,497,500 5,227 0.25 - 0.5 acre 5 6 11 4 2 84
$2,999,000 3,459 8,000 - 10,000 sqft 4 5 37 4 5 63
$2,395,000 2,548 8,000 - 10,000 sqft 4 4 64 4 0 35
$1,599,000 1,995 6,500 - 8,000 sqft 3 3 75 4 2 21