This Week’s Market Overview
The median list price for Sherman Oaks, CA is $2,710,000, with the Market Action Index (MAI) holding at 33, reflecting a slight seller’s advantage. Inventory is steady at 148 homes, maintaining a balanced but seller-favored market. Stay up to date with the latest trends in Sherman Oaks real estate!
Market Action Index
The Market Action Index (MAI) compares supply versus demand to gauge market strength:
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Current MAI: 33 (Slight Seller’s Advantage)
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Last Month’s MAI: 34
The market remains steady, though slightly cooler than last month. A decline in MAI suggests a potential shift if the trend continues—but for now, sellers maintain some leverage.
Market Narrative
Sherman Oaks continues to hover at a pricing plateau, with stable inventory and no clear pressure driving prices up or down. While the MAI has ticked down slightly, we remain in a seller’s market.
Expect prices to stay level unless the Market Action Index breaks out of its current range. A rise in demand could spark price increases; a drop could favor buyers.
Real-Time Market Profile
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Median List Price: $2,710,000
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Median Price of New Listings: $2,349,000
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Price per Square Foot: $860
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Average Days on Market: 86
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Median Days on Market: 53
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Price Decreased: 30% of listings
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Price Increased: 0% of listings
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Relisted Properties: 22%
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Inventory: 148 properties
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Median Rent: $10,488/month
Market Segments
Sherman Oaks listings are segmented into four quartiles based on price. Each represents about 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,249,999 | 4,603 | 0.25 - 0.5 acre | 5 | 5.5 | 9 | 3 | 4 | 42 |
| $3,195,000 | 3,688 | 8,000 - 10,000 sqft | 4 | 4 | 46 | 1 | 2 | 105 |
| $2,399,000 | 2,782 | 6,500 - 8,000 sqft | 4 | 3 | 69 | 4 | 3 | 56 |
| $1,799,000 | 2,015 | 6,500 - 8,000 sqft | 3 | 2.5 | 74 | 7 | 3 | 35 |
Conclusion
Sherman Oaks remains in a seller-friendly position, though momentum is softening slightly. Keep an eye on the MAI—if it dips further, buyers may gain leverage. For now, well-priced homes are still moving, and sellers benefit from relatively low competition.
Contact Information
For expert local insights and private showings in Sherman Oaks, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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