Pango Group

Sherman Oaks, CA

Single-Family Homes

www.pangogroup.com



Sherman Oaks, CA

Sun Mar 03 2024
This week the median list price for Sherman Oaks, CA is $2,849,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 63. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Sherman Oaks, CA

Sun Mar 03 2024
This week the median list price for Sherman Oaks, CA is $2,849,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 63. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Sherman Oaks market.
Median List Price $2,849,000
Median Price of New Listings $2,672,500
Per Square Foot $875
Average Days on Market 87
Median Days on Market 63
Price Decreased 40%
Price Increased 5%
Relisted 22%
Inventory 63
Median Rent
Market Action 39
Slight Seller's Advantage

Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,250,000 5,000 8,000 - 10,000 sqft 5 6 5 0 1 63
$3,172,500 3,738 8,000 - 10,000 sqft 5 4.5 34 2 0 66
$2,437,000 2,904 6,500 - 8,000 sqft 4 4 66 4 0 56
$1,667,000 2,024 6,500 - 8,000 sqft 3 2.5 73 2 4 73