Local Market Report

Sherman Oaks, CA

Single-Family Homes



Sherman Oaks, CA

Wed Oct 20 2021
This week the median list price for Sherman Oaks, CA is $1,776,950 with the market action index hovering around 56. This is less than last month's market action index of 63. Inventory has increased to 56. 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

Wed Oct 20 2021
This week the median list price for Sherman Oaks, CA is $1,776,950 with the market action index hovering around 56. This is less than last month's market action index of 63. Inventory has increased to 56. 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 $1,776,950
Median Price of New Listings $1,547,475
Per Square Foot $784
Average Days on Market 80
Median Days on Market 28
Price Decreased 25%
Price Increased 2%
Relisted 5%
Inventory 56
Median Rent $6,550
Market Action 56
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
$3,487,000 4,352 0.25 - 0.5 acre 5 5 55 0 0 38
$2,274,944 2,728 0.25 - 0.5 acre 4 3 64 6 2 10
$1,559,950 2,344 6,500 - 8,000 sqft 4 3 63 3 3 73
$1,287,500 1,749 4,500 - 6,500 sqft 3 2 70 5 2 24