The median list price for Sherman Oaks, CA is $2,849,000, with the Market Action Index (MAI) at 33, indicating a slight seller’s advantage. Inventory has increased to 119 properties, keeping the market stable. Stay informed with the latest trends!
Market Action Index
The Market Action Index measures supply and demand balance:
- Current MAI: 33 (Slight Seller’s Advantage)
- Last Month’s MAI: 33
The market has cooled slightly, with prices holding steady. Watch the MAI for signs of movement—if it rises, prices may climb; if it drops, expect downward pressure.
Market Narrative
Sherman Oaks is still in a seller’s market, but recent cooling trends suggest stability. If the MAI climbs, prices could increase, but if demand weakens, expect adjustments.
Real-Time Market Profile
Key market insights for buyers and sellers:
- Median List Price: $2,849,000
- Median Price of New Listings: $2,195,000
- Price per Square Foot: $912
- Average Days on Market: 97
- Median Days on Market: 49
- Price Decreased: 32% of listings
- Price Increased: 2% of listings
- Relisted Properties: 21%
- Inventory: 119 properties
- Median Rent: $9,150 per month
Market Segments
The market is divided into four pricing segments, each representing 25% of available listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,075,000 | 4,551 | 0.25 - 0.5 acre | 5 | 5.5 | 12 | 0 | 3 | 49 |
| $3,249,950 | 3,653 | 8,000 - 10,000 sqft | 4 | 4 | 46 | 2 | 2 | 49 |
| $2,504,500 | 2,774 | 8,000 - 10,000 sqft | 4 | 3.5 | 66 | 4 | 3 | 49 |
| $1,685,000 | 1,945 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 7 | 3 | 31 |
Conclusion
Sherman Oaks remains in a slight seller’s market, but inventory is rising. Keep an eye on the Market Action Index—if it declines, buyers may gain more leverage.
Contact Information
For expert insights and real estate opportunities in Sherman Oaks, contact the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest Sherman Oaks market updates!
