The median list price for Sherman Oaks, CA is $2,499,000, with the Market Action Index (MAI) at 31, indicating a slight seller’s advantage. Inventory remains steady at 159 homes, but buyer demand is showing signs of cooling compared to last month’s MAI of 32.
Market Action Index
The Market Action Index measures market conditions based on the balance of supply and demand:
-
Current MAI: 31 (Slight Seller’s Advantage)
-
Last Month’s MAI: 32
As demand eases, pricing pressure has softened. If this continues, Sherman Oaks could shift toward a more balanced market.
Market Narrative
Sherman Oaks has cooled a bit over recent weeks. Inventory has remained stable while buyer demand has moderated. Prices are beginning to adjust lower in response. Watch for sustained changes in the Market Action Index—if it starts to climb again, pricing could firm up quickly.
Real-Time Market Profile
-
Median List Price: $2,499,000
-
Median Price of New Listings: $2,512,500
-
Price per Square Foot: $850
-
Average Days on Market: 84
-
Median Days on Market: 56
-
Price Decreased: 33% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 28%
-
Inventory: 159 homes
-
Median Rent: $9,995/month
Market Segments
Sherman Oaks listings are segmented into four price tiers:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,999,999 | 4,662 | 0.25 - 0.5 acre | 5 | 5.5 | 18 | 1 | 0 | 70 |
| $2,995,000 | 3,574 | 0.25 - 0.5 acre | 4 | 4 | 49 | 3 | 3 | 77 |
| $2,299,500 | 2,764 | 6,500 - 8,000 sqft | 4 | 3.5 | 68 | 2 | 5 | 52 |
| $1,599,000 | 1,900 | 6,500 - 8,000 sqft | 3 | 2.5 | 74 | 2 | 4 | 35 |
Conclusion
Sherman Oaks remains a slight seller’s market, but momentum is tapering. If demand continues to slow, buyers may have more negotiating power in the coming months.
Contact Information
For professional insights and private real estate opportunities in Sherman Oaks, connect with:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed with the latest Sherman Oaks market updates!
