This Week’s Market Overview
The median list price for Sherman Oaks, CA is $2,789,000, with the Market Action Index (MAI) rising to 33, reflecting a slight seller’s advantage. Inventory has increased to 127 homes, indicating an active but stable market. Stay informed with the latest market shifts in Sherman Oaks real estate!
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 ticked up slightly, indicating improving conditions for sellers. If the trend continues, prices may begin to rise in response to increased demand.
Market Narrative
Sherman Oaks is currently showing signs of increased buyer interest, as reflected in the MAI. However, prices remain stable for now. The market is in a holding pattern—watch for a breakout if the MAI continues to trend upward.
If demand grows and inventory remains low, we could see upward pricing pressure in the near term. Conversely, an increase in inventory without matching buyer demand could flatten or reduce prices.
Real-Time Market Profile
Snapshot of this week’s market stats:
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Median List Price: $2,789,000
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Median Price of New Listings: $3,972,499
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Price per Square Foot: $901
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Average Days on Market: 93
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Median Days on Market: 56
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Price Decreased: 41% of listings
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Price Increased: 2% of listings
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Relisted Properties: 19%
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Inventory: 127 homes
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Median Rent: $11,500/month
Market Segments
Sherman Oaks listings fall into four pricing tiers, each representing 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,650,000 | 4,528 | 0.25 - 0.5 acre | 5 | 5.5 | 14 | 8 | 4 | 42 |
| $3,297,000 | 3,751 | 6,500 - 8,000 sqft | 4 | 4.8 | 14 | 1 | 5 | 101 |
| $2,497,000 | 2,774 | 8,000 - 10,000 sqft | 4 | 3.5 | 66 | 1 | 2 | 56 |
| $1,699,000 | 1,977 | 6,500 - 8,000 sqft | 3 | 2.5 | 74 | 4 | 6 | 35 |
Conclusion
Sherman Oaks remains a slight seller’s market, with growing buyer interest and steady pricing. Keep a close eye on the Market Action Index—if it continues rising, we may soon see a more competitive market with upward price movement.
Contact Information
For expert insights and private real estate opportunities in Sherman Oaks, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with real-time updates from your trusted Sherman Oaks real estate experts!
