Local Market Report

Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Fri May 27 2022
This week the median list price for Sherman Oaks, CA is $1,992,000 with the market action index hovering around 73. This is less than last month's market action index of 77. Inventory has increased to 54. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sherman Oaks, CA

Fri May 27 2022
This week the median list price for Sherman Oaks, CA is $1,992,000 with the market action index hovering around 73. This is less than last month's market action index of 77. Inventory has increased to 54. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sherman Oaks market.
Median List Price $1,992,000
Median Price of New Listings $1,890,000
Per Square Foot $848
Average Days on Market 30
Median Days on Market 14
Price Decreased 20%
Price Increased 6%
Relisted 9%
Inventory 54
Median Rent
Market Action 73
Strong Seller's Market

The market seems to have paused around this plateau. 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
$3,095,000 3,887 0.25 - 0.5 acre 4 4 65 4 2 21
$2,295,000 3,123 6,500 - 8,000 sqft 4 4 63 0 4 14
$1,894,500 2,366 6,500 - 8,000 sqft 4 3 74 3 2 10
$1,497,000 1,576 6,500 - 8,000 sqft 3 2 72 4 5 10