$8,301 Closing Credit*
$699,000
1,172 SqFt
2 Beds
•2 Full Baths
Zsuzsanna Nagy, Listing Office: Keller Williams Realty-Studio City
Is Sherman Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Sherman Oaks was a Seller's Market.
Key Takeaway
Sherman Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sherman Oaks, CA
How much do homes in Sherman Oaks, CA cost?
Median Sold Price
$1,480,933
$737/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$121,933(+9.0%)
Key Takeaway
Homes in Sherman Oaks have sold for 9% more than they did a year ago.
Summary: The median home sold price in Sherman Oaks was $1,480,933 in November 2024, up 9% from last year, and the median price per square foot was $737.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $512K | $498K | -2.7% |
| 2 Bedrooms | $735K | $750K | +2.0% |
| 3 Bedrooms | $1.3M | $1.5M | +11.8% |
| 4 Bedrooms | $2.0M | $2.0M | -2.1% |
| 5+ Bedrooms | $3.1M | $3.1M | +2.3% |
Summary: Sherman Oaks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Beverly Glen | $2.5M | $3.5M | +40.0% |
| Sherman Oaks | $1.3M | $1.4M | +9.0% |
Housing Supply in Sherman Oaks, CA
How many homes are available in Sherman Oaks, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 233 | 259 | +11.2% |
Summary: The Sherman Oaks real estate market had 259 homes for sale in November 2024, a 11.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 67 | 70 | +4.5% |
| 3 Bedrooms | 60 | 59 | -1.7% |
| 4 Bedrooms | 38 | 51 | +34.2% |
| 5+ Bedrooms | 61 | 72 | +18.0% |
Summary: The Sherman Oaks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 32 | -22.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman Oaks, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Sherman Oaks in November 2024, down by 22.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Sherman Oaks, CA
How long does it take to sell a home in Sherman Oaks, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +44.4% |
Summary: Homes in Sherman Oaks had an average of 32 days on market in Nov 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sherman Oaks are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Sherman Oaks; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.