Sherman Oaks, CA Real Estate Market Update

Sherman Oaks, CA Real Estate Market Update

The median list price for Sherman Oaks, CA is $2,499,000, with the Market Action Index (MAI) at 32, reflecting a Slight Seller’s Advantage. Inventory holds steady at 156 homes, maintaining a balanced pace between supply and demand. Stay informed with the latest Sherman Oaks real estate trends.


Market Action Index

Current MAI: 32
Last Month’s MAI: 32
Status: Slight Seller’s Advantage

The market remains relatively stable. While prices are not moving significantly, low inventory keeps sellers in a favorable position. A shift in demand could tip the balance in either direction—watch the MAI closely.


Market Narrative

Sherman Oaks is currently experiencing equilibrium between inventory and sales. Prices have leveled out in recent weeks, but seller advantage persists due to constrained inventory. If buyer activity increases, pricing could trend upward.


Real-Time Market Profile

  • Median List Price: $2,499,000

  • Median Price of New Listings: $2,342,000

  • Price per Square Foot: $847

  • Average Days on Market: 91

  • Median Days on Market: 63

  • Price Decreased: 33% of listings

  • Price Increased: 1% of listings

  • Relisted Properties: 25%

  • Inventory: 156 properties

  • Median Rent: $9,098/month


Market Segments

Sherman Oaks is segmented into four pricing tiers, each representing roughly 25% of the market:

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,999,999 4,674 0.25 - 0.5 acre 5 5.5 19 0 5 77
$2,945,000 3,663 0.25 - 0.5 acre 4 4 49 1 2 84
$2,325,000 2,778 6,500 - 8,000 sqft 4 3.5 69 0 2 63
$1,699,000 2,000 6,500 - 8,000 sqft 3 2.5 73 1 5 42

Conclusion

Sherman Oaks continues to lean slightly in favor of sellers. While pricing remains steady, the balance could shift with any sustained change in inventory or buyer demand. Keep an eye on market indicators for potential movement.

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Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

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