The Sherman Oaks housing market in October 2024 showed consistency, reflecting the area’s ongoing appeal for homebuyers seeking quality and location. With 61 active listings on the market, there is a range of options for buyers, while the median list price of $2,599,000 highlights Sherman Oaks as a desirable, higher-end market in Los Angeles.

Sales activity remained steady, with 10 homes sold in the last 30 days. Homes spent an average of 34 days on the market, indicating that demand is strong enough to prevent extended time on the market for well-priced properties. Additionally, the average price per square foot at $798 underscores the value of real estate in Sherman Oaks, as buyers are investing in a premium location with excellent amenities, schools, and proximity to the city.

These metrics suggest a balanced market. For buyers, the current inventory provides a variety of choices without an overwhelming surplus, allowing them to carefully evaluate options. However, competitively priced homes are selling within about a month, meaning buyers should be prepared to move quickly when they find a good match. For sellers, accurately priced properties are moving at a steady pace, often within a month of listing, signaling that the market is receptive to well-prepared homes.

Overall, the Sherman Oaks real estate market in ZIP code 91403 remains healthy and balanced, offering promising opportunities for both buyers looking to invest in the area and sellers aiming to close deals efficiently.