Local Market Report

Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Tue Sep 27 2022
This week the median list price for Sherman Oaks, CA is $2,222,500 with the market action index hovering around 47. This is less than last month's market action index of 50. Inventory has decreased to 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Tue Sep 27 2022
This week the median list price for Sherman Oaks, CA is $2,222,500 with the market action index hovering around 47. This is less than last month's market action index of 50. Inventory has decreased to 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $2,222,500
Median Price of New Listings $2,049,500
Per Square Foot $824
Average Days on Market 49
Median Days on Market 32
Price Decreased 35%
Price Increased 2%
Relisted 11%
Inventory 62
Median Rent
Market Action 47
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
$3,750,000 4,599 0.25 - 0.5 acre 5 5 30 1 2 28
$2,595,000 3,068 6,500 - 8,000 sqft 4 4 61 3 3 42
$1,995,000 2,389 8,000 - 10,000 sqft 3 3 67 4 4 14
$1,297,500 1,634 6,500 - 8,000 sqft 3 2 73 2 2 35