This Week’s Market Overview
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 stable at 150 homes, keeping the market relatively balanced but still leaning toward sellers.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
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Current MAI: 31 (Slight Seller’s Advantage)
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Last Month’s MAI: 32
While the market has cooled slightly, inventory remains low enough to maintain a seller-favored position. If demand picks up, prices may climb again—but if the MAI drops below 30, expect buyers to gain leverage.
Market Narrative
Sherman Oaks continues to hover in a balanced phase. Sales and inventory have reached a point of relative stasis, preventing sharp pricing shifts for now. However, with prices flat and buyer activity steady, we’re at a tipping point. Any change in inventory or demand could spark the next market movement.
Real-Time Market Profile
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Median List Price: $2,499,000
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Median Price of New Listings: $2,895,000
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Price per Square Foot: $852
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Average Days on Market: 89
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Median Days on Market: 63
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Price Decreased: 37% of listings
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Price Increased: 1% of listings
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Relisted Properties: 20%
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Inventory: 150 properties
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Median Rent: $8,000/month
Market Segments
Sherman Oaks listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,099,499 | 4,728 | 0.25 - 0.5 acre | 5 | 5.5 | 20 | 3 | 2 | 84 |
| $2,789,000 | 3,650 | 8,000 - 10,000 sqft | 4 | 4.5 | 48 | 3 | 3 | 77 |
| $2,337,000 | 2,777 | 6,500 - 8,000 sqft | 4 | 3.3 | 68 | 0 | 4 | 56 |
| $1,700,000 | 1,970 | 6,500 - 8,000 sqft | 3 | 2 | 73 | 3 | 5 | 42 |
Conclusion
Sherman Oaks remains a slight seller’s market, but conditions could tip either way. With stable pricing and consistent demand, both buyers and sellers should watch the Market Action Index for signs of acceleration or a shift toward buyer leverage.
Contact Information
For expert insights and exclusive real estate opportunities in Sherman Oaks, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
