Mon May 17 2021
This week the median list price for Sherman Oaks, CA 91423 is $1,850,000 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has held steady at or around 33.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,850,000|
|Median Price of New Listings||$1,522,000|
|Per Square Foot||$726|
|Average Days on Market||78|
|Median Days on Market||21|
|Strong Seller's Market|
We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,849,499||4,827||0.25 - 0.5 acre||5||5||16||2||1||14|
|$2,260,000||3,362||6,500 - 8,000 sqft||4||4||72||1||1||24|
|$1,695,000||2,492||8,000 - 10,000 sqft||3||2||72||2||1||21|
|$1,200,000||1,652||6,500 - 8,000 sqft||3||2||69||5||1||7|