Local Market Report

Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Sat Feb 27 2021
This week the median list price for Sherman Oaks, CA is $1,849,500 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 62. 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

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

Sat Feb 27 2021
This week the median list price for Sherman Oaks, CA is $1,849,500 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 62. 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

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 $1,849,500
Per Square Foot $692
Days on Market 74
Price Decreased 34%
Price Increased 2%
Relisted 15%
Inventory 62
Median Rent $6,500
Most Expensive $6,995,000
Least Expensive $749,947
Market Action 52
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
$3,200,000 4,844 0.5 - 1 acre 5 6 15 2 2 133
$2,399,000 3,600 6,500 - 8,000 sqft 4 5 58 1 1 21
$1,686,500 2,511 8,000 - 10,000 sqft 3 3 62 4 1 80
$1,224,949 1,567 6,500 - 8,000 sqft 3 2 69 7 7 35