The median list price for Sherman Oaks, CA is $2,769,000, with the Market Action Index (MAI) rising to 33, indicating a slight seller’s advantage. Inventory has increased to 130 homes, but demand is still strong enough to keep the market in seller territory. Stay up to date on the latest Sherman Oaks housing trends!
Market Action Index
The Market Action Index (MAI) measures the balance between supply and demand:
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Current MAI: 33 (Slight Seller’s Advantage)
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Last Month’s MAI: 32
The MAI has climbed slightly, signaling stable demand despite growing inventory. If this trend continues, sellers may regain pricing power. However, if inventory growth outpaces sales, conditions could shift in favor of buyers.
Market Narrative
Sherman Oaks remains in a seller-friendly zone. While prices have been holding steady, the current level of demand is keeping the market competitive.
Should the MAI rise further, we may begin to see upward price pressure. If it declines and crosses into the buyer’s zone, expect increased negotiation leverage for buyers.
Real-Time Market Profile
Here’s a snapshot of key real estate metrics this week:
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Median List Price: $2,769,000
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Median Price of New Listings: $2,549,000
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Price per Square Foot: $881
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Average Days on Market: 98
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Median Days on Market: 63
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Price Decreased: 42% of listings
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Price Increased: 3% of listings
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Relisted Properties: 22%
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Inventory: 130 homes
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Median Rent: $11,150/month
Market Segments
Sherman Oaks real estate is grouped into four pricing tiers, each representing about 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,995,000 | 4,287 | 8,000 - 10,000 sqft | 5 | 5 | 4 | 3 | 4 | 77 |
| $3,195,000 | 3,753 | 6,500 - 8,000 sqft | 4 | 4.3 | 35 | 6 | 2 | 70 |
| $2,495,000 | 2,766 | 8,000 - 10,000 sqft | 4 | 3.5 | 66 | 3 | 3 | 56 |
| $1,689,000 | 1,970 | 6,500 - 8,000 sqft | 3 | 2.5 | 74 | 7 | 7 | 28 |
Conclusion
Sherman Oaks continues to show signs of resilience with steady demand. As long as MAI holds or improves, sellers remain in a favorable position. If inventory increases substantially without corresponding demand, a shift toward a buyer’s market may occur.
Contact Information
For expert guidance and access to exclusive listings in Sherman Oaks, connect with:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with the most up-to-date insights on Sherman Oaks real estate!
