Local Market Report

Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Thu Sep 16 2021
This week the median list price for Sherman Oaks, CA is $1,975,000 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has decreased to 48. 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

Thu Sep 16 2021
This week the median list price for Sherman Oaks, CA is $1,975,000 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has decreased to 48. 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 $1,975,000
Median Price of New Listings $1,649,500
Per Square Foot $743
Average Days on Market 98
Median Days on Market 42
Price Decreased 29%
Price Increased 2%
Relisted 21%
Inventory 48
Median Rent $7,900
Market Action 64
Strong Seller's Market

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
$3,232,450 4,538 0.25 - 0.5 acre 5 5 48 0 2 38
$2,222,500 3,296 8,000 - 10,000 sqft 4 4 61 1 0 49
$1,749,500 2,239 8,000 - 10,000 sqft 3 3 65 3 6 38
$1,249,000 1,673 4,500 - 6,500 sqft 3 2 70 2 3 38